Wells Fargo & Company MN Has $8.47 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wells Fargo & Company MN grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 14.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,244 shares of the basic materials company's stock after acquiring an additional 10,505 shares during the quarter. Wells Fargo & Company MN owned 0.17% of Cal-Maine Foods worth $8,465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Cal-Maine Foods by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after buying an additional 118,162 shares during the last quarter. American Century Companies Inc. raised its holdings in Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after acquiring an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position 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. Geode Capital Management LLC grew its holdings in shares of Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock worth $74,000,000 after purchasing an additional 10,984 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Cal-Maine Foods by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock valued at $66,294,000 after purchasing an additional 22,939 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CALM shares. Stephens reiterated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com lowered shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th.

Cal-Maine Foods Trading Up 3.0 %

Shares of Cal-Maine Foods stock traded up $2.67 during mid-day trading on Tuesday, reaching $92.84. 657,334 shares of the stock were exchanged, compared to its average volume of 716,888. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 7.24 and a beta of 0.11. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The firm has a 50-day simple moving average of $91.01 and a 200 day simple moving average of $96.83.

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 for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The firm had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business's revenue was up 101.6% on a year-over-year basis. During the same period last year, the firm posted $3.00 EPS. On average, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.45% of the company's stock.

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.