BI Asset Management Fondsmaeglerselskab A S Acquires New Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 32,024 shares of the basic materials company's stock, valued at approximately $3,296,000. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.07% of Cal-Maine Foods at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock valued at $25,457,000 after buying an additional 159,787 shares during the period. American Century Companies Inc. raised its position in Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after acquiring an additional 143,189 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Cal-Maine Foods by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after purchasing an additional 118,162 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 purchasing an additional 104,512 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Cal-Maine Foods by 17.3% in 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 during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CALM has been the topic of several research reports. Stephens reaffirmed an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Thursday.

Cal-Maine Foods Trading Up 2.3 %

NASDAQ:CALM traded up $2.13 during trading hours on Friday, hitting $94.81. 775,260 shares of the stock traded hands, compared to its average volume of 723,724. The firm has a 50 day moving average price of $90.69 and a 200 day moving average price of $96.87. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 7.38 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.

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

Insider Buying and Selling

In other news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is owned by corporate insiders.

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.