16,836 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,836 shares of the basic materials company's stock, valued at approximately $1,733,000.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in 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 stake in shares of Cal-Maine Foods during the 4th quarter worth $134,000. Nisa Investment Advisors LLC raised its position in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after buying an additional 1,118 shares during the period. KBC Group NV boosted its holdings 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 acquiring an additional 629 shares during the last quarter. Finally, Colonial River Investments LLC purchased a new stake in Cal-Maine Foods during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 1.8%

Shares of NASDAQ CALM traded down $1.79 during trading on Wednesday, reaching $95.40. 520,954 shares of the stock were exchanged, compared to its average volume of 748,222. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 7.42 and a beta of 0.17. The business's 50-day moving average price is $94.17 and its 200 day moving average price is $97.78. Cal-Maine Foods, Inc. has a twelve month low of $57.43 and a twelve month high of $116.41.

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

Insider Transactions 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 transaction of $12,708,099.60. Following the transaction, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Stephens reissued an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen cut Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Sunday.

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.