Wells Fargo & Company MN Acquires 10,505 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wells Fargo & Company MN lifted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,244 shares of the basic materials company’s stock after acquiring an additional 10,505 shares during the quarter. Wells Fargo & Company MN owned approximately 0.17% of Cal-Maine Foods worth $8,465,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Landscape Capital Management L.L.C. lifted its stake in shares of Cal-Maine Foods by 10.4% during the 4th quarter. Landscape Capital Management L.L.C. now owns 71,510 shares of the basic materials company’s stock valued at $7,360,000 after buying an additional 6,730 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Cal-Maine Foods by 192.5% in the 4th quarter. Headlands Technologies LLC now owns 7,512 shares of the basic materials company’s stock valued at $773,000 after purchasing an additional 4,944 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Cal-Maine Foods in the 4th quarter valued at about $391,000. Arrowstreet Capital Limited Partnership increased its stake 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 worth $102,801,000 after buying an additional 104,512 shares during the period. Finally, denkapparat Operations GmbH bought a new stake in shares of Cal-Maine Foods in the fourth quarter worth about $589,000. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CALM has been the subject of a number of research reports. StockNews.com downgraded shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Stephens reissued an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Insider Activity

In related news, insider Adolphus B. Baker sold 140,266 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 $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. This represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Down 1.1 %

Cal-Maine Foods stock opened at $91.49 on Friday. The firm has a 50 day moving average of $91.78 and a 200 day moving average of $96.42. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 7.12 and a beta of 0.11. Cal-Maine Foods, Inc. has a 12-month low of $55.15 and a 12-month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted 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 during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm’s revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.00 EPS. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.