Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 2,331.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 363,933 shares of the basic materials company’s stock after acquiring an additional 348,966 shares during the quarter. Cal-Maine Foods accounts for 1.1% of Heartland Advisors Inc.’s portfolio, making the stock its 16th largest position. Heartland Advisors Inc. owned about 0.74% of Cal-Maine Foods worth $20,886,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CALM. Exchange Traded Concepts LLC boosted its stake in Cal-Maine Foods by 6,480.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 39,417 shares of the basic materials company’s stock valued at $2,262,000 after purchasing an additional 38,818 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Cal-Maine Foods by 2,543.8% during the 4th quarter. International Assets Investment Management LLC now owns 117,650 shares of the basic materials company’s stock valued at $67,520,000 after purchasing an additional 113,200 shares in the last quarter. Citigroup Inc. boosted its stake in Cal-Maine Foods by 26.2% during the 3rd quarter. Citigroup Inc. now owns 42,829 shares of the basic materials company’s stock valued at $2,074,000 after purchasing an additional 8,898 shares in the last quarter. Toroso Investments LLC boosted its stake in Cal-Maine Foods by 227.5% during the 3rd quarter. Toroso Investments LLC now owns 41,724 shares of the basic materials company’s stock valued at $2,020,000 after purchasing an additional 28,983 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in shares of Cal-Maine Foods during the 3rd quarter worth $1,533,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 1.8 %

Shares of Cal-Maine Foods stock traded up $1.05 during midday trading on Tuesday, hitting $58.55. The company’s stock had a trading volume of 459,508 shares, compared to its average volume of 646,417. The firm has a market capitalization of $2.87 billion, a P/E ratio of 10.38 and a beta of -0.02. The stock has a 50-day simple moving average of $59.25 and a 200-day simple moving average of $55.52. Cal-Maine Foods, Inc. has a 1-year low of $42.25 and a 1-year high of $64.76.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last issued its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The business had revenue of $703.08 million during the quarter, compared to analysts’ expectations of $692.35 million. During the same quarter last year, the firm posted $6.62 earnings per share. Cal-Maine Foods’s revenue was down 29.5% compared to the same quarter last year. As a group, sell-side analysts predict that Cal-Maine Foods, Inc. will post 4.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an “equal weight” rating and set a $65.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd.

Read Our Latest Research Report on CALM

Insider Buying and Selling

In related news, EVP Charles Jeff Hardin sold 750 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the completion of the sale, the executive vice president now directly owns 3,999 shares in the company, valued at $225,983.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now directly owns 3,999 shares in the company, valued at $225,983.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Poole sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the transaction, the director now owns 11,670 shares in the company, valued at $652,469.70. The disclosure for this sale can be found here. 13.51% of the stock is owned by corporate insiders.

Cal-Maine Foods Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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