Northern Trust Corp Raises Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Northern Trust Corp grew its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 60.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 674,335 shares of the basic materials company’s stock after buying an additional 253,310 shares during the quarter. Northern Trust Corp owned 1.38% of Cal-Maine Foods worth $69,403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CALM. Two Sigma Securities LLC increased its holdings in shares of Cal-Maine Foods by 2.8% in the 4th quarter. Two Sigma Securities LLC now owns 3,894 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 106 shares in the last quarter. Nebula Research & Development LLC bought a new stake in Cal-Maine Foods in the 4th quarter worth about $313,000. Price T Rowe Associates Inc. MD raised its position in Cal-Maine Foods by 35.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,592 shares of the basic materials company’s stock worth $4,282,000 after buying an additional 10,972 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Cal-Maine Foods during the 4th quarter valued at about $844,000. Finally, Quantessence Capital LLC purchased a new stake in shares of Cal-Maine Foods during the 4th quarter valued at about $1,114,000. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Down 0.1 %

NASDAQ CALM opened at $92.80 on Tuesday. The firm has a market capitalization of $4.55 billion, a P/E ratio of 7.22 and a beta of 0.18. The company has a 50-day moving average price of $91.20 and a 200-day moving average price of $97.04. Cal-Maine Foods, Inc. has a 52 week low of $56.40 and a 52 week high of $116.41.

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

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares of the company’s stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday. Stephens reissued an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

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.