2,000 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by CPA Asset Management LLC

CPA Asset Management LLC acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,000 shares of the basic materials company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp lifted its stake in Cal-Maine Foods by 3.0% in the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after acquiring an additional 46,187 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after purchasing an additional 64,489 shares in the last quarter. Geode Capital Management LLC raised its stake 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. Charles Schwab Investment Management Inc. raised its stake in shares of Cal-Maine Foods by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock worth $46,490,000 after purchasing an additional 20,528 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after purchasing an additional 76,387 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

CALM opened at $88.07 on Wednesday. Cal-Maine Foods, Inc. has a fifty-two week low of $54.88 and a fifty-two week high of $116.41. The business has a 50-day moving average of $104.75 and a 200-day moving average of $91.71. The company has a market capitalization of $4.32 billion, a PE ratio of 6.85 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share 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 business had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same period last year, the business earned $0.35 EPS. The firm’s revenue was up 82.5% compared to the same quarter last year. On average, equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Activity at Cal-Maine Foods

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.