Northern Trust Corp Raises Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Northern Trust Corp grew its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 60.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 674,335 shares of the basic materials company's stock after buying an additional 253,310 shares during the quarter. Northern Trust Corp owned 1.38% of Cal-Maine Foods worth $69,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CALM. Two Sigma Securities LLC increased its holdings in shares of Cal-Maine Foods by 2.8% in the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company's stock worth $401,000 after purchasing an additional 106 shares in the last quarter. Nebula Research & Development LLC bought a new stake in Cal-Maine Foods in the 4th quarter worth about $313,000. Price T Rowe Associates Inc. MD raised its position in Cal-Maine Foods by 35.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,592 shares of the basic materials company's stock worth $4,282,000 after buying an additional 10,972 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Cal-Maine Foods during the 4th quarter valued at about $844,000. Finally, Quantessence Capital LLC purchased a new stake in shares of Cal-Maine Foods during the 4th quarter valued at about $1,114,000. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Down 0.1 %

NASDAQ CALM opened at $92.80 on Tuesday. The firm has a market capitalization of $4.55 billion, a P/E ratio of 7.22 and a beta of 0.18. The company has a 50-day moving average price of $91.20 and a 200-day moving average price of $97.04. Cal-Maine Foods, Inc. has a 52 week low of $56.40 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company's revenue was up 101.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.00 EPS. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods 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 directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Friday. Stephens reissued an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.