78,582 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 78,582 shares of the basic materials company's stock, valued at approximately $58,810,000. International Assets Investment Management LLC owned 0.16% of Cal-Maine Foods as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock valued at $159,863,000 after buying an additional 114,995 shares during the last quarter. Renaissance Technologies LLC increased its position in 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 worth $129,286,000 after buying an additional 110,900 shares during the period. American Century Companies Inc. increased its position in 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 period. Buck Wealth Strategies LLC lifted its holdings in shares of Cal-Maine Foods by 762.0% during the first quarter. Buck Wealth Strategies LLC now owns 81,029 shares of the basic materials company's stock worth $4,769,000 after buying an additional 71,629 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Cal-Maine Foods by 162.0% in the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company's stock valued at $3,681,000 after acquiring an additional 38,693 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the sale, the chief operating officer now directly owns 5,310 shares in the company, valued at $372,762. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the transaction, the vice president now owns 16,754 shares of the company's stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CALM shares. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Cal-Maine Foods from $47.00 to $52.00 and gave the stock a "sell" rating in a research report on Wednesday, July 17th. Finally, 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 for the company.

Cal-Maine Foods Trading Up 0.8 %

CALM stock traded up $0.73 during mid-day trading on Monday, hitting $90.16. The stock had a trading volume of 444,547 shares, compared to its average volume of 614,154. The firm has a fifty day simple moving average of $77.81 and a 200 day simple moving average of $67.61. The firm has a market capitalization of $4.42 billion, a P/E ratio of 15.86 and a beta of -0.10. Cal-Maine Foods, Inc. has a 52 week low of $45.07 and a 52 week high of $95.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.36 by ($0.30). The firm had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business's revenue was up 71.1% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share.

About Cal-Maine Foods

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.