Envestnet Asset Management Inc. Acquires 7,131 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Envestnet Asset Management Inc. boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 150,188 shares of the basic materials company's stock after acquiring an additional 7,131 shares during the period. Envestnet Asset Management Inc. owned 0.31% of Cal-Maine Foods worth $15,457,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted 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 buying an additional 118,162 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Cal-Maine Foods by 12.7% during 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 purchasing an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 valued at $102,801,000 after buying an additional 104,512 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cal-Maine Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock worth $74,000,000 after acquiring an additional 10,984 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Cal-Maine Foods by 3.7% in 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 acquiring an additional 22,939 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Insider Activity at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated Thursday, April 17th. The shares were 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 of the company's stock, valued at $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CALM shares. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th. Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Cal-Maine Foods Price Performance

NASDAQ CALM traded down $1.01 on Friday, hitting $91.49. 1,949,008 shares of the stock were exchanged, compared to its average volume of 715,350. The business's fifty day moving average is $91.33 and its 200 day moving average is $96.79. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41. The company has a market capitalization of $4.49 billion, a PE ratio of 7.12 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $953.76 million. During the same quarter in the previous year, the business earned $3.00 earnings per share. The business's revenue was up 101.6% compared to the same quarter last year. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

About Cal-Maine Foods

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.