Asset Management One Co. Ltd. Acquires 30,089 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Asset Management One Co. Ltd. raised its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1,061.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,924 shares of the basic materials company’s stock after acquiring an additional 30,089 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of Cal-Maine Foods worth $3,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Savant Capital LLC boosted its stake in 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 last quarter. Martingale Asset Management L P boosted its position in shares of Cal-Maine Foods by 0.4% during the third quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock worth $2,943,000 after purchasing an additional 145 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after purchasing an additional 188 shares in the last quarter. Quarry LP boosted its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 189 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 267 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Up 1.2 %

Shares of NASDAQ CALM opened at $92.04 on Thursday. The company’s fifty day moving average is $106.24 and its 200-day moving average is $91.00. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 7.16 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 issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same period last year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 82.5% on a year-over-year basis. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.45% of the stock is currently owned by company insiders.

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.