Congress Asset Management Co. Has $9.47 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Congress Asset Management Co. increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,965 shares of the basic materials company's stock after purchasing an additional 7,231 shares during the quarter. Congress Asset Management Co. owned approximately 0.19% of Cal-Maine Foods worth $9,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock valued at $120,447,000 after acquiring an additional 46,187 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after buying an additional 64,489 shares during the period. Geode Capital Management LLC raised its holdings in Cal-Maine Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock valued at $74,000,000 after buying an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Cal-Maine Foods by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company's stock worth $46,490,000 after buying an additional 20,528 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock worth $25,457,000 after acquiring an additional 159,787 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

Shares of CALM traded down $1.99 during mid-day trading on Thursday, reaching $90.05. 985,553 shares of the company were exchanged, compared to its average volume of 936,795. The business has a 50 day simple moving average of $106.24 and a two-hundred day simple moving average of $91.00. The stock has a market capitalization of $4.42 billion, a PE ratio of 7.01 and a beta of -0.12. Cal-Maine Foods, Inc. has a 52 week low of $54.88 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. During the same quarter last year, the business earned $0.35 EPS. The company's revenue was up 82.5% compared to the same quarter last year. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Company Profile

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.