Edgestream Partners L.P. Grows Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Edgestream Partners L.P. boosted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 206.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,921 shares of the basic materials company’s stock after acquiring an additional 46,445 shares during the quarter. Edgestream Partners L.P. owned about 0.14% of Cal-Maine Foods worth $6,265,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock worth $504,885,000 after acquiring an additional 118,162 shares in the last quarter. American Century Companies Inc. increased its position in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after buying 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% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock valued at $102,801,000 after buying an additional 104,512 shares in the last quarter. Northern Trust Corp increased its position 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 buying an additional 253,310 shares in the last quarter. Finally, Man Group plc increased its position in shares of Cal-Maine Foods by 258.7% in the fourth quarter. Man Group plc now owns 582,711 shares of the basic materials company’s stock valued at $59,973,000 after buying an additional 420,247 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 1.5%

CALM opened at $101.98 on Tuesday. The firm has a market cap of $5.00 billion, a P/E ratio of 5.04 and a beta of 0.17. Cal-Maine Foods, Inc. has a 52 week low of $62.69 and a 52 week high of $116.41. The business’s fifty day simple moving average is $97.70 and its 200 day simple moving average is $97.61.

Insider Activity at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 1,287,616 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $116,658,009.60. Following the sale, the insider owned 1,702,853 shares of the company’s stock, valued at $154,278,481.80. This trade represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CALM shares. BMO Capital Markets upgraded Cal-Maine Foods to a “hold” rating in a research report on Tuesday, May 6th. Stephens restated 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, Wall Street Zen raised Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 5th.

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.