3,837 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, HoldingsChannel reports. The firm acquired 3,837 shares of the basic materials company’s stock, valued at approximately $395,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its holdings in shares of 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 purchasing an additional 92 shares during the period. Martingale Asset Management L P increased its stake in Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock valued at $2,943,000 after buying an additional 145 shares during the period. US Bancorp DE raised its position in Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after buying an additional 156 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after acquiring an additional 188 shares during the period. Finally, Quarry LP boosted its holdings in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $89.20 on Monday. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41. The firm has a market capitalization of $4.37 billion, a P/E ratio of 6.94 and a beta of -0.12. The company’s fifty day moving average is $98.98 and its two-hundred day moving average is $93.77.

Cal-Maine Foods (NASDAQ:CALM) last released 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 firm had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue was up 82.5% on a year-over-year basis. On average, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.45% of the company’s stock.

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.