1,972 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,972 shares of the basic materials company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew its holdings 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 purchasing an additional 46,187 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cal-Maine Foods by 1.1% during the third 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. boosted its holdings in shares of Cal-Maine Foods by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock worth $66,294,000 after acquiring an additional 22,939 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 acquiring an additional 76,387 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cal-Maine Foods by 88.6% during the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock worth $25,457,000 after acquiring an additional 159,787 shares during the period. Institutional investors own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CALM has been the subject of a number of research analyst reports. Stephens restated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Trading Up 0.5 %

Shares of CALM stock opened at $89.20 on Friday. The stock has a market cap of $4.37 billion, a P/E ratio of 6.94 and a beta of -0.12. The stock has a 50 day simple moving average of $98.98 and a 200 day simple moving average of $93.59. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.42. The business had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Company 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.