ProShare Advisors LLC boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 44.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,350 shares of the basic materials company's stock after purchasing an additional 3,801 shares during the quarter. ProShare Advisors LLC's holdings in Cal-Maine Foods were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in 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 worth $7,749,000 after buying an additional 33,731 shares during the period. Ballentine Partners LLC acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at about $213,000. Nisa Investment Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after acquiring an additional 1,118 shares during the period. Inspire Investing LLC boosted its position in shares of Cal-Maine Foods by 112.4% in the fourth quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock worth $1,215,000 after acquiring an additional 6,247 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Cal-Maine Foods by 4.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 41,725 shares of the basic materials company's stock valued at $4,294,000 after purchasing an additional 1,903 shares during the period. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
CALM has been the topic of a number of recent analyst reports. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Wall Street Zen raised Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Stephens reaffirmed an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.
Read Our Latest Stock Report on Cal-Maine Foods
Cal-Maine Foods Stock Performance
Cal-Maine Foods stock traded down $1.21 during trading on Wednesday, reaching $94.32. 77,914 shares of the company's stock were exchanged, compared to its average volume of 749,990. 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 $4.63 billion, a price-to-earnings ratio of 7.34 and a beta of 0.18. The company's 50-day moving average is $93.76 and its two-hundred day moving average is $97.64.
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, beating the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods's revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter last year, the company earned $3.00 earnings per share. Analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.
Insiders Place Their Bets
In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.45% of the stock is currently owned by company insiders.
About Cal-Maine Foods
(
Free Report)
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.
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