State of Wyoming Increases Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

State of Wyoming grew its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 45.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,869 shares of the basic materials company’s stock after acquiring an additional 1,519 shares during the period. State of Wyoming’s holdings in Cal-Maine Foods were worth $501,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Man Group plc grew its position in Cal-Maine Foods by 258.7% in the 4th quarter. Man Group plc now owns 582,711 shares of the basic materials company’s stock valued at $59,973,000 after acquiring an additional 420,247 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Cal-Maine Foods by 515.1% in the fourth quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company’s stock valued at $49,142,000 after purchasing an additional 399,848 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Cal-Maine Foods by 60.2% in the fourth quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company’s stock valued at $69,403,000 after purchasing an additional 253,310 shares in the last quarter. American Century Companies Inc. lifted its holdings in Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock worth $130,361,000 after buying an additional 143,189 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock valued at $504,885,000 after buying an additional 118,162 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Down 2.5%

Shares of CALM stock opened at $97.17 on Tuesday. The company has a market cap of $4.77 billion, a P/E ratio of 7.56 and a beta of 0.18. The firm has a fifty day moving average price of $92.71 and a 200 day moving average price of $97.44. Cal-Maine Foods, Inc. has a 12 month low of $57.43 and a 12 month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $953.76 million. During the same period in the prior year, the firm posted $3.00 EPS. The business’s quarterly revenue was up 101.6% compared to the same quarter last year. On average, equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Activity at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the business’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the sale, the insider now directly owns 1,319,034 shares of the company’s stock, valued at $119,504,480.40. The trade was a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CALM shares. BMO Capital Markets raised Cal-Maine Foods to a “hold” rating in a research report on Tuesday, May 6th. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 10th.

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.