Counterpoint Mutual Funds LLC Takes $1.07 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Counterpoint Mutual Funds LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,408 shares of the basic materials company’s stock, valued at approximately $1,071,000.

Several other institutional investors have also modified their holdings of CALM. State Street Corp lifted its holdings in shares of Cal-Maine Foods by 3.0% in the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after purchasing an additional 46,187 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Cal-Maine Foods by 4.3% during the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after purchasing an additional 64,489 shares during the period. Geode Capital Management LLC increased its holdings in shares of Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after acquiring an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cal-Maine Foods by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock valued at $66,294,000 after purchasing an additional 22,939 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 acquiring an additional 76,387 shares during the period. Institutional investors own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CALM shares. Stephens restated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Insider Buying and Selling

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is currently owned by company insiders.

Cal-Maine Foods Trading Up 2.7 %

Shares of NASDAQ CALM opened at $83.03 on Monday. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 6.46 and a beta of -0.12. The business has a 50-day moving average of $100.44 and a 200-day moving average of $93.13.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

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.