Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by CoreCommodity Management LLC

CoreCommodity Management LLC grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 holdings, making the stock its 2nd biggest position. CoreCommodity Management LLC owned 0.14% of Cal-Maine Foods worth $7,176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after buying an additional 118,162 shares during the last quarter. American Century Companies Inc. increased its holdings 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 buying an additional 143,189 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted 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 purchasing an additional 104,512 shares during the period. Northern Trust Corp boosted its position in shares of Cal-Maine Foods by 60.2% in the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock valued at $69,403,000 after acquiring an additional 253,310 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Trading Up 1.2%

Shares of CALM traded up $1.08 during midday trading on Monday, reaching $92.31. 257,051 shares of the stock were exchanged, compared to its average volume of 739,767. Cal-Maine Foods, Inc. has a 52 week low of $57.18 and a 52 week high of $116.41. The company's 50 day moving average is $91.53 and its two-hundred day moving average is $97.15. The company has a market capitalization of $4.53 billion, a P/E ratio of 7.16 and a beta of 0.18.

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 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $953.76 million. During the same period in the previous year, the business earned $3.00 earnings per share. The firm's revenue for the quarter was up 101.6% on a year-over-year basis. On average, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insiders Place Their Bets

In other news, insider Adolphus B. Baker sold 140,266 shares of the company'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 sale, the insider now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is owned by insiders.

Analysts Set New Price Targets

CALM has been the topic of a number of recent analyst reports. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Stephens reissued 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.

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.