Intech Investment Management LLC Makes New $4.19 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Intech Investment Management LLC purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 55,965 shares of the basic materials company's stock, valued at approximately $4,188,000. Intech Investment Management LLC owned 0.11% of Cal-Maine Foods as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Cal-Maine Foods by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company's stock worth $282,219,000 after buying an additional 23,915 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 buying an additional 114,995 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Cal-Maine Foods by 5.5% during the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock worth $129,286,000 after buying an additional 110,900 shares in the last quarter. American Century Companies Inc. boosted its stake in Cal-Maine Foods by 8.9% in 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 purchasing an additional 82,772 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Cal-Maine Foods by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 481,313 shares of the basic materials company's stock worth $29,413,000 after purchasing an additional 10,287 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price target on the stock. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock traded up $0.18 during trading on Friday, hitting $95.96. 379,987 shares of the company's stock traded hands, compared to its average volume of 421,380. The firm's fifty day moving average price is $86.02 and its 200 day moving average price is $71.99. Cal-Maine Foods, Inc. has a twelve month low of $46.30 and a twelve month high of $96.63. The company has a market cap of $4.71 billion, a PE ratio of 10.99 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued 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 last year, the firm posted $0.02 earnings per share. Cal-Maine Foods's revenue was up 71.1% on a year-over-year basis. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Cal-Maine Foods 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.