Cozad Asset Management Inc. Buys 1,652 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cozad Asset Management Inc. boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,913 shares of the basic materials company’s stock after acquiring an additional 1,652 shares during the quarter. Cozad Asset Management Inc.’s holdings in Cal-Maine Foods were worth $2,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Axiom Advisory LLC increased its position in shares of Cal-Maine Foods by 3.3% during the 3rd quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 128 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. Garner Asset Management Corp raised its stake in shares of Cal-Maine Foods by 0.9% during the second quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock worth $1,238,000 after acquiring an additional 183 shares in the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 3.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 203 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Cal-Maine Foods by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 2.3 %

Shares of Cal-Maine Foods stock opened at $90.71 on Thursday. The company’s fifty day simple moving average is $80.57 and its two-hundred day simple moving average is $69.15. Cal-Maine Foods, Inc. has a 12-month low of $45.07 and a 12-month high of $95.06. The firm has a market cap of $4.45 billion, a PE ratio of 10.39 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.36 by ($0.30). The business had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share.

Analyst Upgrades and Downgrades

CALM has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a research report on Wednesday, July 17th. Stephens started coverage on Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price for the company. Finally, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares in the company, valued at approximately $1,188,361.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is owned by corporate insiders.

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.