Cal-Maine Foods, Inc. (NASDAQ:CALM) Holdings Lifted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 80.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,369 shares of the basic materials company's stock after acquiring an additional 13,126 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.06% of Cal-Maine Foods worth $2,670,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC lifted its position in Cal-Maine Foods by 48.3% during the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock valued at $7,749,000 after buying an additional 33,731 shares in the last quarter. KBC Group NV lifted its position in shares of Cal-Maine Foods by 59.8% during the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after purchasing an additional 629 shares during the last quarter. Buck Wealth Strategies LLC lifted its stake in Cal-Maine Foods by 5.4% during the fourth quarter. Buck Wealth Strategies LLC now owns 57,324 shares of the basic materials company's stock worth $5,900,000 after purchasing an additional 2,914 shares during the last quarter. Vest Financial LLC boosted its holdings in shares of Cal-Maine Foods by 17.2% in the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock valued at $2,424,000 after buying an additional 3,449 shares during the period. Finally, Savant Capital LLC boosted its stake in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after acquiring an additional 92 shares during the period. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 2.6%

CALM stock traded up $2.46 during trading on Friday, reaching $98.13. 493,937 shares of the company's stock were exchanged, compared to its average volume of 747,233. Cal-Maine Foods, Inc. has a 1-year low of $57.43 and a 1-year high of $116.41. The firm has a market cap of $4.81 billion, a PE ratio of 7.64 and a beta of 0.17. The company's fifty day moving average price is $94.26 and its 200-day moving average price is $97.79.

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 earnings per share for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company's revenue was up 101.6% on a year-over-year basis. During the same period in the previous year, the business earned $3.00 earnings per share. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CALM shares. BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Stephens reaffirmed an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.45% of the company's stock.

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.