Rhumbline Advisers Buys 419 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Rhumbline Advisers raised its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 123,525 shares of the basic materials company’s stock after purchasing an additional 419 shares during the quarter. Rhumbline Advisers owned 0.25% of Cal-Maine Foods worth $12,713,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CALM. Asset Management One Co. Ltd. raised its holdings in Cal-Maine Foods by 1,061.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock valued at $3,330,000 after buying an additional 30,089 shares during the last quarter. Savant Capital LLC increased its position in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 92 shares during the period. Vest Financial LLC grew its stake in shares of Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after purchasing an additional 3,449 shares during the last quarter. Buck Wealth Strategies LLC raised its position in Cal-Maine Foods by 5.4% during the 4th quarter. Buck Wealth Strategies LLC now owns 57,324 shares of the basic materials company’s stock valued at $5,900,000 after purchasing an additional 2,914 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after buying an additional 629 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction dated 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 sale, the director now owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Stock Up 0.9 %

Cal-Maine Foods stock opened at $90.96 on Friday. The stock’s 50 day moving average is $105.58 and its 200 day moving average is $91.30. The company has a market capitalization of $4.46 billion, a P/E ratio of 7.08 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $54.88 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results 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 net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. As a group, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

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.