Point72 Hong Kong Ltd Takes $1.28 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Point72 Hong Kong Ltd acquired a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,385 shares of the basic materials company’s stock, valued at approximately $1,275,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods during the fourth quarter valued at approximately $134,000. Nisa Investment Advisors LLC lifted its position 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 valued at $148,000 after purchasing an additional 1,118 shares during the last quarter. KBC Group NV lifted its position 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 valued at $173,000 after purchasing an additional 629 shares during the last quarter. Finally, Colonial River Investments LLC bought a new stake in Cal-Maine Foods during the fourth quarter valued at approximately $203,000. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $97.01 on Friday. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 7.55 and a beta of 0.18. Cal-Maine Foods, Inc. has a fifty-two week low of $57.18 and a fifty-two week high of $116.41. The firm has a 50 day moving average price of $92.26 and a 200-day moving average price of $97.18.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Cal-Maine Foods to a “hold” rating in a research report on Tuesday, May 6th. Stephens reiterated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 10th.

Insider Buying and Selling

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.45% of the stock is owned by insiders.

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.