NDVR Inc. Takes $313,000 Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

NDVR Inc. bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,043 shares of the basic materials company's stock, valued at approximately $313,000.

A number of other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Cal-Maine Foods in the fourth quarter worth about $134,000. Nisa Investment Advisors LLC raised its stake in 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. KBC Group NV lifted its holdings in 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 valued at $173,000 after purchasing an additional 629 shares in the last quarter. Finally, Colonial River Investments LLC purchased a new position in Cal-Maine Foods during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Insider Transactions at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Up 2.7%

NASDAQ CALM traded up $2.63 on Friday, reaching $99.64. The company had a trading volume of 849,115 shares, compared to its average volume of 749,396. The firm's 50 day moving average price is $92.26 and its 200 day moving average price is $97.18. Cal-Maine Foods, Inc. has a 12 month low of $57.43 and a 12 month high of $116.41. The stock has a market capitalization of $4.89 billion, a PE ratio of 7.75 and a beta of 0.18.

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, topping analysts' consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm's revenue for the quarter 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. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analyst Weigh In

CALM has been the topic of a number of analyst reports. Stephens restated 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. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Finally, BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th.

About Cal-Maine Foods

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.