Headlands Technologies LLC Boosts Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Headlands Technologies LLC lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 192.5% in the fourth quarter, Holdings Channel reports. The firm owned 7,512 shares of the basic materials company’s stock after buying an additional 4,944 shares during the period. Headlands Technologies LLC’s holdings in Cal-Maine Foods were worth $773,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 worth $504,885,000 after buying an additional 118,162 shares during the last quarter. State Street Corp lifted its position in shares of Cal-Maine Foods by 3.0% in the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after acquiring an additional 46,187 shares in the last quarter. American Century Companies Inc. increased its position in shares of Cal-Maine Foods by 12.7% during the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock worth $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock worth $102,801,000 after purchasing an additional 104,512 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Cal-Maine Foods by 1.1% in 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 purchasing an additional 10,984 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stephens reaffirmed an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $93.08 on Thursday. The stock has a 50 day moving average price of $95.86 and a 200 day moving average price of $94.90. The stock has a market cap of $4.56 billion, a PE ratio of 7.24 and a beta of -0.12. Cal-Maine Foods, Inc. has a one year low of $55.15 and a one year high of $116.41.

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