Price T Rowe Associates Inc. MD grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 35.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,592 shares of the basic materials company's stock after acquiring an additional 10,972 shares during the period. Price T Rowe Associates Inc. MD owned about 0.08% of Cal-Maine Foods worth $4,282,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Savant Capital LLC raised its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock worth $391,000 after buying an additional 92 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Cal-Maine Foods by 1.7% during the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after purchasing an additional 97 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Cal-Maine Foods by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after acquiring an additional 136 shares during the last quarter. US Bancorp DE raised its position in shares of Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after purchasing an additional 156 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Cal-Maine Foods by 2.5% during the fourth quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company's stock valued at $1,064,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.
Insider Buying and Selling
In related news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.45% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CALM. Stephens reaffirmed an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. StockNews.com cut shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets raised Cal-Maine Foods to a "hold" rating in a research report on Tuesday.
View Our Latest Stock Report on CALM
Cal-Maine Foods Stock Up 0.6 %
Shares of NASDAQ:CALM traded up $0.53 during trading on Friday, reaching $91.26. 448,766 shares of the company traded hands, compared to its average volume of 738,672. The firm has a fifty day simple moving average of $91.47 and a 200 day simple moving average of $97.03. Cal-Maine Foods, Inc. has a 1-year low of $56.74 and a 1-year high of $116.41. The firm has a market cap of $4.48 billion, a P/E ratio of 7.10 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 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. During the same period last year, the company earned $3.00 earnings per share. The business's revenue was up 101.6% compared to the same quarter last year. As a group, research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.
About Cal-Maine Foods
(
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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