Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock Holdings Lifted by CoreCommodity Management LLC

CoreCommodity Management LLC increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,724 shares of the basic materials company's stock after purchasing an additional 10,097 shares during the quarter. Cal-Maine Foods makes up about 1.4% of CoreCommodity Management LLC's portfolio, making the stock its 2nd largest holding. CoreCommodity Management LLC owned about 0.14% of Cal-Maine Foods worth $7,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its stake in Cal-Maine Foods by 339.1% during the 4th 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 in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Cal-Maine Foods during the 4th quarter valued at $134,000. GAMMA Investing LLC grew its position in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC raised its position in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after acquiring an additional 1,118 shares during the period. Finally, KBC Group NV increased its stake in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after purchasing an additional 629 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Up 0.6 %

Cal-Maine Foods stock traded up $0.53 during trading hours on Friday, hitting $91.26. The stock had a trading volume of 574,662 shares, compared to its average volume of 740,140. Cal-Maine Foods, Inc. has a 12-month low of $57.13 and a 12-month high of $116.41. The stock has a market capitalization of $4.48 billion, a P/E ratio of 7.10 and a beta of 0.18. The stock's 50-day moving average price is $91.53 and its 200-day moving average price is $97.04.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping 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 business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same quarter last year, the company posted $3.00 EPS. The company's revenue was up 101.6% compared to the same quarter last year. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction 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 completion of the sale, the insider now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CALM. Stephens restated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday.

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.