Natixis Advisors LLC Buys 536 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Natixis Advisors LLC raised its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,772 shares of the basic materials company’s stock after buying an additional 536 shares during the period. Natixis Advisors LLC’s holdings in Cal-Maine Foods were worth $1,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after acquiring an additional 159,787 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after purchasing an additional 139,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Cal-Maine Foods by 17.3% during the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after buying an additional 76,387 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Cal-Maine Foods by 130.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after buying an additional 75,090 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Cal-Maine Foods by 52.5% during the fourth quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company’s stock valued at $20,262,000 after acquiring an additional 67,807 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

CALM has been the topic of a number of recent analyst reports. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens reissued an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Trading Up 0.9 %

CALM opened at $94.03 on Wednesday. The company has a fifty day moving average price of $98.39 and a two-hundred day moving average price of $94.12. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41. The company has a market cap of $4.61 billion, a P/E ratio of 7.32 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $751.50 million. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue was up 82.5% compared to the same quarter last year. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.