Point72 Hong Kong Ltd Makes New $1.28 Million Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Point72 Hong Kong Ltd acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,385 shares of the basic materials company's stock, valued at approximately $1,275,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after acquiring an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods in the 4th quarter worth $134,000. Nisa Investment Advisors LLC lifted its position in Cal-Maine Foods by 350.5% during the fourth 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 grew 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 during the period. Finally, Colonial River Investments LLC bought a new position in shares of Cal-Maine Foods in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

CALM traded down $2.47 during trading on Monday, reaching $97.17. 989,961 shares of the company traded hands, compared to its average volume of 751,718. The company has a market cap of $4.77 billion, a P/E ratio of 7.56 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 firm has a fifty day simple moving average of $92.50 and a 200 day simple moving average of $97.37.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. During the same period in the previous year, the firm posted $3.00 EPS. Cal-Maine Foods's revenue for the quarter was up 101.6% compared to the same quarter last year. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CALM shares. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th. 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. Finally, StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th.

Insider Activity

In related 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 of the company's stock, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.45% of the company's stock.

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.