4,799 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Banque Pictet & Cie SA

Banque Pictet & Cie SA bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,799 shares of the basic materials company's stock, valued at approximately $436,000.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new position in Cal-Maine Foods in the first quarter valued at approximately $30,000. Blue Trust Inc. boosted its holdings in Cal-Maine Foods by 388.2% in the first quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after purchasing an additional 493 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Cal-Maine Foods in the first quarter valued at approximately $77,000. Harbor Capital Advisors Inc. boosted its holdings in Cal-Maine Foods by 126.0% in the first quarter. Harbor Capital Advisors Inc. now owns 920 shares of the basic materials company's stock valued at $84,000 after purchasing an additional 513 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods in the fourth quarter valued at approximately $134,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of CALM traded down $0.22 during mid-day trading on Friday, reaching $100.52. 701,496 shares of the company's stock were exchanged, compared to its average volume of 763,419. The stock has a market capitalization of $4.93 billion, a PE ratio of 4.97 and a beta of 0.17. The business's fifty day simple moving average is $97.70 and its 200-day simple moving average is $97.65. Cal-Maine Foods, Inc. has a 52-week low of $62.69 and a 52-week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 26.08% and a return on equity of 48.72%. The company's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period last year, the firm posted $3.00 earnings per share. Equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Activity

In related news, insider Adolphus B. Baker sold 1,287,616 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $116,658,009.60. Following the completion of the sale, the insider directly owned 1,702,853 shares of the company's stock, valued at $154,278,481.80. This trade represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CALM shares. Wall Street Zen raised Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Stephens reaffirmed an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

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.