29,294 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. purchased a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,294 shares of the basic materials company's stock, valued at approximately $3,015,000. LGT Fund Management Co Ltd. owned 0.06% of Cal-Maine Foods at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CALM. JPMorgan Chase & Co. grew its stake in Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock valued at $25,457,000 after acquiring an additional 159,787 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Cal-Maine Foods by 652.6% during the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company's stock valued at $11,997,000 after buying an additional 139,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Cal-Maine Foods by 17.3% during the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock valued at $53,272,000 after buying an additional 76,387 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Cal-Maine Foods by 130.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company's stock worth $9,913,000 after acquiring an additional 75,090 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Cal-Maine Foods by 4.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after acquiring an additional 64,489 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several analysts have recently commented on the company. Stephens reissued an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM traded down $1.54 during trading on Thursday, reaching $82.65. 1,692,453 shares of the stock traded hands, compared to its average volume of 976,353. The company has a 50-day moving average of $103.39 and a 200-day moving average of $92.38. Cal-Maine Foods, Inc. has a 52-week low of $55.00 and a 52-week high of $116.41. The stock has a market capitalization of $4.05 billion, a P/E ratio of 6.43 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same period in the previous year, the company posted $0.35 EPS. The firm's revenue for the quarter was up 82.5% compared to the same quarter last year. Analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Buying and Selling 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 shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now owns 42,761 shares of the company's stock, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.45% of the company's stock.

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.