Freedom Investment Management Inc. bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,965 shares of the basic materials company's stock, valued at approximately $305,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after acquiring an additional 797 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Cal-Maine Foods in the fourth quarter valued at approximately $134,000. GAMMA Investing LLC increased its position in shares of Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after buying an additional 267 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after buying an additional 1,118 shares during the period. Finally, KBC Group NV lifted its position in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after buying an additional 629 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.
Cal-Maine Foods Stock Performance
Shares of NASDAQ:CALM traded up $2.13 during trading on Friday, reaching $94.81. The stock had a trading volume of 775,260 shares, compared to its average volume of 723,724. The business has a fifty day moving average price of $90.69 and a 200-day moving average price of $96.87. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year high of $116.41. The stock has a market cap of $4.65 billion, a PE ratio of 7.38 and a beta of 0.11.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.
Insider Transactions at Cal-Maine Foods
In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.45% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on CALM. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Thursday. Stephens reissued an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday.
Read Our Latest Stock Report on CALM
Cal-Maine Foods Company Profile
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Free Report)
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.
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