Prudential Financial Inc. Purchases 33,172 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Prudential Financial Inc. lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 77.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,247 shares of the basic materials company's stock after buying an additional 33,172 shares during the period. Prudential Financial Inc. owned about 0.16% of Cal-Maine Foods worth $7,847,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CALM. Quarry LP boosted its position in Cal-Maine Foods by 32.5% during the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after acquiring an additional 189 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the fourth quarter worth $134,000. GAMMA Investing LLC grew its position in 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 purchasing an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after buying an additional 1,118 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.45% of the stock is owned by insiders.

Cal-Maine Foods Trading Up 0.6 %

Shares of CALM traded up $0.50 during midday trading on Tuesday, reaching $91.40. The stock had a trading volume of 955,003 shares, compared to its average volume of 686,438. The firm has a market cap of $4.48 billion, a PE ratio of 7.11 and a beta of -0.12. The firm has a 50 day simple moving average of $96.69 and a 200-day simple moving average of $94.75. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts' expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter last year, the company posted $0.35 earnings per share. As a group, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analysts Set New Price Targets

CALM has been the subject of a number of recent research reports. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Stephens reissued an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

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.