Cladis Investment Advisory LLC Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cladis Investment Advisory LLC purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,000 shares of the basic materials company's stock, valued at approximately $412,000.

Other large investors have also made changes to their positions in the company. 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 acquiring 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 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 acquiring an additional 143,189 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Cal-Maine Foods by 11.7% during 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 acquiring an additional 104,512 shares during the last quarter. Northern Trust Corp boosted its position in shares of Cal-Maine Foods by 60.2% during the 4th 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Cal-Maine Foods by 3.7% during the 4th 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 last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Price Performance

NASDAQ CALM traded up $1.44 during trading on Monday, hitting $92.67. The company's stock had a trading volume of 831,444 shares, compared to its average volume of 742,019. The company has a market cap of $4.55 billion, a PE ratio of 7.21 and a beta of 0.18. The business's 50 day simple moving average is $91.53 and its 200-day simple moving average is $97.15. Cal-Maine Foods, Inc. has a fifty-two week low of $57.18 and a fifty-two week high of $116.41.

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 (EPS) for the quarter, beating 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 company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. During the same period in the previous year, the company posted $3.00 earnings per share. Cal-Maine Foods's revenue for the quarter was up 101.6% on a year-over-year basis. Analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Activity

In other news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction that occurred on 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 directly owns 1,319,034 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.45% of the company's stock.

Analysts Set New Price Targets

CALM has been the topic of several recent research reports. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Stephens restated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday.

Cal-Maine Foods Company 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.