Man Group plc boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 258.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 582,711 shares of the basic materials company's stock after buying an additional 420,247 shares during the quarter. Man Group plc owned 1.19% of Cal-Maine Foods worth $59,973,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Cal-Maine Foods during the 4th quarter worth approximately $134,000. Nisa Investment Advisors LLC increased 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 valued at $148,000 after purchasing an additional 1,118 shares in the last quarter. KBC Group NV increased its holdings in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 629 shares in the last quarter. Finally, Colonial River Investments LLC purchased a new position in shares of Cal-Maine Foods during the 4th quarter valued at approximately $203,000. 84.67% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Cal-Maine Foods
In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is owned by corporate insiders.
Cal-Maine Foods Stock Up 2.7%
Shares of NASDAQ:CALM traded up $2.63 during trading on Friday, hitting $99.64. 849,115 shares of the stock traded hands, compared to its average volume of 750,761. The company has a fifty day moving average price of $92.50 and a two-hundred day moving average price of $97.30. Cal-Maine Foods, Inc. has a 52-week low of $57.43 and a 52-week high of $116.41. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 7.75 and a beta of 0.18.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $953.76 million. During the same quarter last year, the company earned $3.00 EPS. The firm's revenue for the quarter was up 101.6% compared to the same quarter last year. On average, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. Stephens reaffirmed an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 10th.
Check Out Our Latest Stock Report on CALM
Cal-Maine Foods Profile
(
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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