4,445 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,445 shares of the basic materials company’s stock, valued at approximately $457,000.

Several other large investors also recently bought and sold shares of CALM. State Street Corp boosted its position in Cal-Maine Foods by 3.0% during the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after acquiring an additional 46,187 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after acquiring an additional 64,489 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after acquiring an additional 10,984 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Cal-Maine Foods by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock valued at $46,490,000 after purchasing an additional 20,528 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 purchasing an additional 76,387 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.45% of the company’s stock.

Analyst Upgrades and Downgrades

CALM has been the topic of several research reports. Stephens reaffirmed an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Trading Up 5.5 %

CALM opened at $87.18 on Friday. The business’s 50 day moving average is $102.63 and its 200-day moving average is $92.25. The stock has a market cap of $4.27 billion, a PE ratio of 6.78 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $55.00 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted 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. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.