NDVR Inc. Invests $313,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

NDVR Inc. acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,043 shares of the basic materials company’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Cal-Maine Foods during the fourth quarter worth about $134,000. Nisa Investment Advisors LLC boosted its holdings in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after buying an additional 1,118 shares during the last quarter. KBC Group NV boosted its holdings in Cal-Maine Foods by 59.8% during the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after buying an additional 629 shares during the last quarter. Finally, Colonial River Investments LLC bought a new position in shares of Cal-Maine Foods during the 4th quarter valued at about $203,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CALM shares. BMO Capital Markets upgraded Cal-Maine Foods to a “hold” rating in a report on Tuesday, May 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Stephens reiterated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $92.67 on Tuesday. Cal-Maine Foods, Inc. has a fifty-two week low of $57.18 and a fifty-two week high of $116.41. The stock has a market capitalization of $4.55 billion, a PE ratio of 7.21 and a beta of 0.18. The business’s 50-day simple moving average is $91.70 and its 200-day simple moving average is $97.18.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, beating the consensus estimate of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business’s quarterly revenue was up 101.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.00 EPS. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. The trade was a 9.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.45% of the company’s stock.

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.