3,837 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Cibc World Markets Corp

Cibc World Markets Corp purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,837 shares of the basic materials company's stock, valued at approximately $395,000.

Several other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in Cal-Maine Foods during the fourth quarter valued at $231,000. Natixis Advisors LLC grew its position in Cal-Maine Foods by 5.2% in the fourth quarter. Natixis Advisors LLC now owns 10,772 shares of the basic materials company's stock worth $1,109,000 after acquiring an additional 536 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in shares of Cal-Maine Foods by 47.8% in the 4th quarter. Picton Mahoney Asset Management now owns 3,560 shares of the basic materials company's stock valued at $367,000 after purchasing an additional 1,152 shares during the last quarter. Vestcor Inc boosted its stake in Cal-Maine Foods by 13.3% during the fourth quarter. Vestcor Inc now owns 39,458 shares of the basic materials company's stock worth $4,061,000 after buying an additional 4,621 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Cal-Maine Foods by 0.7% in the 4th quarter. Swiss National Bank now owns 82,700 shares of the basic materials company's stock worth $8,511,000 after acquiring an additional 600 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CALM has been the topic of several analyst reports. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Tuesday. Stephens reaffirmed an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

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Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Trading Down 0.6 %

Shares of CALM traded down $0.59 during trading hours on Thursday, reaching $92.21. 556,390 shares of the company traded hands, compared to its average volume of 654,582. The stock's fifty day moving average price is $98.00 and its 200 day moving average price is $94.11. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 7.18 and a beta of -0.12. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same period in the prior year, the firm earned $0.35 EPS. The company's revenue for the quarter was up 82.5% compared to the same quarter last year. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

About Cal-Maine Foods

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.