Millennium Management LLC Boosts Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Millennium Management LLC lifted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 515.1% 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 477,477 shares of the basic materials company's stock after buying an additional 399,848 shares during the period. Millennium Management LLC owned approximately 0.97% of Cal-Maine Foods worth $49,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CALM. Nisa Investment Advisors LLC lifted its stake in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after purchasing an additional 1,118 shares in the last quarter. Vest Financial LLC increased its holdings in shares of Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock valued at $2,424,000 after purchasing an additional 3,449 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Cal-Maine Foods by 1,061.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock worth $3,330,000 after buying an additional 30,089 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cal-Maine Foods by 339.1% during the fourth 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. Finally, Inspire Investing LLC grew its holdings in Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock valued at $1,215,000 after buying an additional 6,247 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Down 1.6%

NASDAQ:CALM traded down $1.58 on Thursday, reaching $95.19. The company's stock had a trading volume of 105,646 shares, compared to its average volume of 750,340. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 7.41 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. The stock has a 50 day moving average price of $93.30 and a 200 day moving average price of $97.43.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 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 company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same quarter in the prior year, the company posted $3.00 earnings per share. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. Equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Activity at Cal-Maine Foods

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 completion of the transaction, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets upgraded 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 research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th.

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.