Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 131.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,561 shares of the basic materials company’s stock after purchasing an additional 73,596 shares during the period. Intech Investment Management LLC owned about 0.26% of Cal-Maine Foods worth $13,334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after purchasing an additional 159,787 shares during the period. Two Sigma Advisers LP grew its position in Cal-Maine Foods by 652.6% during the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after buying an additional 139,000 shares during the period. Bank of New York Mellon Corp grew its position in 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 buying an additional 76,387 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in Cal-Maine Foods by 130.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock worth $9,913,000 after buying an additional 75,090 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cal-Maine Foods by 52.5% in the fourth quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company’s stock valued at $20,262,000 after purchasing an additional 67,807 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of CALM opened at $91.70 on Tuesday. The firm’s 50 day moving average is $100.18 and its 200-day moving average is $93.27. The stock has a market capitalization of $4.50 billion, a P/E ratio of 7.14 and a beta of -0.12. 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 posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $751.50 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s revenue was up 82.5% compared to the same quarter last year. As a group, equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CALM. Stephens reissued an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.45% of the company’s stock.

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.