Resona Asset Management Co. Ltd. Invests $774,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Resona Asset Management Co. Ltd. purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,518 shares of the basic materials company's stock, valued at approximately $774,000.

Several other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of Cal-Maine Foods by 14.6% in the 4th quarter. Wells Fargo & Company MN now owns 82,244 shares of the basic materials company's stock valued at $8,465,000 after purchasing an additional 10,505 shares in the last quarter. Landscape Capital Management L.L.C. increased its holdings in Cal-Maine Foods by 10.4% in the fourth quarter. Landscape Capital Management L.L.C. now owns 71,510 shares of the basic materials company's stock valued at $7,360,000 after buying an additional 6,730 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Cal-Maine Foods by 192.5% during the 4th quarter. Headlands Technologies LLC now owns 7,512 shares of the basic materials company's stock valued at $773,000 after acquiring an additional 4,944 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $391,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after acquiring an additional 104,512 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

CALM has been the subject of several recent research reports. Stephens restated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.

Cal-Maine Foods Stock Down 3.3 %

Shares of Cal-Maine Foods stock traded down $3.16 during trading hours on Wednesday, hitting $93.39. The company's stock had a trading volume of 1,379,188 shares, compared to its average volume of 1,033,584. The company has a market capitalization of $4.58 billion, a PE ratio of 7.26 and a beta of 0.11. The business has a fifty day moving average of $92.45 and a 200 day moving average of $96.34. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm's quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 EPS. On average, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

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.