UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,686 shares of the basic materials company's stock after acquiring an additional 16,650 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Cal-Maine Foods worth $7,995,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CALM. Man Group plc raised its stake in shares of Cal-Maine Foods by 258.7% in the fourth quarter. Man Group plc now owns 582,711 shares of the basic materials company's stock valued at $59,973,000 after acquiring an additional 420,247 shares in the last quarter. Millennium Management LLC raised its stake in shares of Cal-Maine Foods by 515.1% in the fourth quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company's stock valued at $49,142,000 after acquiring an additional 399,848 shares in the last quarter. Northern Trust Corp increased its holdings in Cal-Maine Foods by 60.2% in the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock valued at $69,403,000 after buying an additional 253,310 shares during the last quarter. American Century Companies Inc. increased its holdings in Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after buying an additional 143,189 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after buying an additional 118,162 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

Shares of CALM stock traded up $0.98 during mid-day trading on Monday, hitting $96.91. 672,646 shares of the stock were exchanged, compared to its average volume of 747,664. The stock's fifty day simple moving average is $93.90 and its two-hundred day simple moving average is $97.75. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 7.54 and a beta of 0.18. Cal-Maine Foods, Inc. has a 12-month low of $57.43 and a 12-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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business's quarterly revenue was up 101.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.00 earnings per share. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was 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 $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 13.45% of the company's stock.

Analyst Upgrades and Downgrades

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

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.