Baird Financial Group Inc. Has $19.02 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Baird Financial Group Inc. raised its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,797 shares of the basic materials company's stock after purchasing an additional 15,911 shares during the quarter. Baird Financial Group Inc. owned approximately 0.38% of Cal-Maine Foods worth $19,019,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp raised its position in Cal-Maine Foods by 60.2% during the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after acquiring an additional 253,310 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cal-Maine Foods by 88.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock valued at $25,457,000 after purchasing an additional 159,787 shares during the period. American Century Companies Inc. lifted its stake 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 purchasing an additional 143,189 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 worth $504,885,000 after purchasing an additional 118,162 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after buying an additional 104,512 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $96.92 on Wednesday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 7.54 and a beta of 0.18. Cal-Maine Foods, Inc. has a 52 week low of $56.66 and a 52 week high of $116.41. The firm's 50-day simple moving average is $91.36 and its 200 day simple moving average is $97.04.

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 company had revenue of $1.42 billion during 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 period in the previous year, the business earned $3.00 earnings per share. Sell-side analysts anticipate 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 the business's stock in a transaction dated 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 completion of the transaction, the insider now owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.45% of the company's stock.

Analyst Ratings Changes

CALM has been the subject of several research analyst reports. Stephens reiterated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets assumed coverage on shares of Cal-Maine Foods in a report on Monday. They issued a "market perform" rating and a $100.00 price target on the stock.

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.

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