Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 988,599 shares of the basic materials company's stock after purchasing an additional 10,984 shares during the quarter. Geode Capital Management LLC owned about 2.02% of Cal-Maine Foods worth $74,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Advisers LP increased its stake in shares of Cal-Maine Foods by 652.6% during the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company's stock valued at $11,997,000 after acquiring an additional 139,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cal-Maine Foods by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock worth $159,863,000 after purchasing an additional 114,995 shares during the period. Renaissance Technologies LLC grew its stake in shares of Cal-Maine Foods by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock valued at $129,286,000 after buying an additional 110,900 shares during the period. American Century Companies Inc. increased its holdings in shares of Cal-Maine Foods by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company's stock worth $61,948,000 after buying an additional 82,772 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Cal-Maine Foods in the third quarter valued at $58,810,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CALM shares. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They issued an "equal weight" rating and a $82.00 price objective on the stock. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, November 23rd.

Cal-Maine Foods Trading Down 1.4 %

Shares of CALM traded down $1.48 during midday trading on Friday, reaching $102.89. 1,905,176 shares of the company were exchanged, compared to its average volume of 600,424. Cal-Maine Foods, Inc. has a 1-year low of $53.02 and a 1-year high of $114.06. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 11.79 and a beta of -0.10. The stock has a 50-day moving average price of $95.32 and a 200-day moving average price of $77.87.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The firm's revenue was up 71.1% on a year-over-year basis. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

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.