Amundi Has $2.21 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Amundi boosted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 194.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,097 shares of the basic materials company’s stock after buying an additional 13,932 shares during the quarter. Amundi’s holdings in Cal-Maine Foods were worth $2,209,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its stake in shares of Cal-Maine Foods by 350.5% in the 4th 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. Vest Financial LLC grew its position in Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock valued at $2,424,000 after acquiring an additional 3,449 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Cal-Maine Foods during the third quarter worth about $788,000. Asset Management One Co. Ltd. lifted its holdings in shares of Cal-Maine Foods by 1,061.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock worth $3,330,000 after acquiring an additional 30,089 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings 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 worth $105,000 after acquiring an additional 797 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CALM. Stephens reaffirmed an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Trading Up 10.4 %

Shares of CALM stock opened at $91.70 on Tuesday. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 7.14 and a beta of -0.12. The business’s 50-day moving average price is $100.18 and its 200-day moving average price is $93.27. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41.

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

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’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 transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.45% of the stock is owned by company 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.