Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock Holdings Increased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,244 shares of the basic materials company's stock after purchasing an additional 10,505 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of Cal-Maine Foods worth $8,465,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of Cal-Maine Foods by 339.1% during 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 during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Cal-Maine Foods during the fourth quarter worth approximately $134,000. GAMMA Investing LLC grew its stake in Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after acquiring an additional 267 shares during the period. Nisa Investment Advisors LLC raised its holdings 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 valued at $148,000 after acquiring an additional 1,118 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after purchasing an additional 629 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Cal-Maine Foods Stock Down 0.1 %

Shares of CALM stock traded down $0.12 on Wednesday, reaching $92.98. 117,885 shares of the stock were exchanged, compared to its average volume of 716,926. The stock has a market cap of $4.56 billion, a P/E ratio of 7.24 and a beta of 0.11. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year high of $116.41. The firm has a 50 day moving average of $90.70 and a two-hundred day moving average of $96.80.

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

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of recent analyst reports. StockNews.com downgraded Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. 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.

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.