Harvest Fund Management Co. Ltd Purchases 7,095 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Harvest Fund Management Co. Ltd grew its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 146.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,933 shares of the basic materials company’s stock after acquiring an additional 7,095 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Cal-Maine Foods were worth $1,208,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of 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 in the last quarter. Two Sigma Advisers LP increased its holdings in Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after buying an additional 139,000 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Cal-Maine Foods by 17.3% in the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after buying an additional 76,387 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock worth $9,913,000 after acquiring an additional 75,090 shares during the period. Finally, Intech Investment Management LLC boosted its position in shares of Cal-Maine Foods by 131.5% during the 4th quarter. Intech Investment Management LLC now owns 129,561 shares of the basic materials company’s stock valued at $13,334,000 after acquiring an additional 73,596 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Cal-Maine Foods Stock Performance

CALM opened at $89.39 on Thursday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 6.96 and a beta of -0.12. The firm’s 50-day simple moving average is $99.56 and its 200-day simple moving average is $93.35. Cal-Maine Foods, Inc. has a twelve month low of $55.00 and a twelve month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $751.50 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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.