Nisa Investment Advisors LLC Acquires 1,118 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Nisa Investment Advisors LLC grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 350.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,437 shares of the basic materials company’s stock after buying an additional 1,118 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cal-Maine Foods were worth $148,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new position in Cal-Maine Foods during the 3rd quarter worth approximately $788,000. Friedenthal Financial purchased a new stake in shares of Cal-Maine Foods during the fourth quarter valued at approximately $765,000. Centiva Capital LP bought a new position in shares of Cal-Maine Foods in the third quarter worth approximately $491,000. Franklin Resources Inc. increased its stake in shares of Cal-Maine Foods by 91.7% in the third quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company’s stock worth $4,713,000 after buying an additional 30,122 shares during the period. Finally, Barclays PLC increased its stake in shares of Cal-Maine Foods by 48.3% in the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock worth $7,749,000 after buying an additional 33,731 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 3.0 %

Shares of Cal-Maine Foods stock opened at $115.80 on Friday. The company’s fifty day simple moving average is $104.76 and its two-hundred day simple moving average is $87.31. Cal-Maine Foods, Inc. has a 12-month low of $54.53 and a 12-month high of $116.41. The company has a market cap of $5.68 billion, a P/E ratio of 9.01 and a beta of -0.11.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue was up 82.5% on a year-over-year basis. Analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Company 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.