Algert Global LLC Grows Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Algert Global LLC increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 15.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,931 shares of the basic materials company's stock after purchasing an additional 12,905 shares during the quarter. Algert Global LLC owned 0.20% of Cal-Maine Foods worth $9,976,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock valued at $105,000 after acquiring an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Cal-Maine Foods during the 4th quarter valued at about $134,000. GAMMA Investing LLC increased its position in shares of Cal-Maine Foods by 24.3% during the 4th 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 during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of 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 worth $148,000 after purchasing an additional 1,118 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after buying an additional 629 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CALM. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Friday. Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Cal-Maine Foods Trading Up 0.5 %

NASDAQ CALM opened at $92.91 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $56.40 and a 12 month high of $116.41. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.11. The company's 50 day moving average is $91.10 and its two-hundred day moving average is $97.02.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, beating the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. During the same period last year, the firm earned $3.00 EPS. The company's revenue was up 101.6% on a year-over-year basis. Sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Activity

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the sale, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.

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