US Bancorp DE Buys 156 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

US Bancorp DE boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,710 shares of the basic materials company’s stock after buying an additional 156 shares during the period. US Bancorp DE’s holdings in Cal-Maine Foods were worth $691,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CALM. State Street Corp grew its holdings in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after purchasing an additional 46,187 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Cal-Maine Foods by 4.3% during the third 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 in the last quarter. Geode Capital Management LLC boosted 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 valued at $74,000,000 after acquiring an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cal-Maine Foods by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock valued at $46,490,000 after buying an additional 20,528 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Cal-Maine Foods by 17.3% in the 4th 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 in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Up 0.2 %

CALM opened at $87.37 on Tuesday. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 6.80 and a beta of -0.12. The stock has a fifty day moving average price of $102.06 and a 200-day moving average price of $92.76. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results 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 company had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same period last year, the business earned $0.35 EPS. Cal-Maine Foods’s revenue for the quarter was up 82.5% on a year-over-year basis. On average, equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CALM shares. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Stephens reissued an “equal weight” rating and set 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 other news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is currently owned by insiders.

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.