Deutsche Bank AG Buys 11,882 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Deutsche Bank AG raised its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,071 shares of the basic materials company's stock after buying an additional 11,882 shares during the quarter. Deutsche Bank AG owned 0.26% of Cal-Maine Foods worth $12,975,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Cal-Maine Foods in the fourth quarter worth $134,000. Nisa Investment Advisors LLC boosted its position in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after purchasing an additional 1,118 shares during the last quarter. KBC Group NV grew its stake in Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 629 shares in the last quarter. Finally, Colonial River Investments LLC acquired a new position in Cal-Maine Foods in the fourth quarter worth approximately $203,000. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 0.6%

Cal-Maine Foods stock traded up $0.57 during mid-day trading on Wednesday, reaching $96.93. The company had a trading volume of 66,427 shares, compared to its average volume of 750,310. The company has a 50 day moving average of $93.02 and a 200-day moving average of $97.43. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 7.54 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data 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 return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. During the same quarter last year, the firm earned $3.00 EPS. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CALM. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Stephens restated an "equal weight" rating and set a $97.00 target price 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 research note on Saturday, May 10th.

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.