GAMMA Investing LLC Increases Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

GAMMA Investing LLC increased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 25.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,720 shares of the basic materials company’s stock after buying an additional 352 shares during the quarter. GAMMA Investing LLC’s holdings in Cal-Maine Foods were worth $156,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CALM. Man Group plc grew its stake in shares of Cal-Maine Foods by 258.7% in the 4th quarter. Man Group plc now owns 582,711 shares of the basic materials company’s stock worth $59,973,000 after acquiring an additional 420,247 shares in the last quarter. Millennium Management LLC increased its stake in Cal-Maine Foods by 515.1% in the 4th quarter. Millennium Management LLC now owns 477,477 shares of the basic materials company’s stock valued at $49,142,000 after buying an additional 399,848 shares during the last quarter. Northern Trust Corp lifted its position in shares of Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company’s stock worth $69,403,000 after buying an additional 253,310 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock worth $130,361,000 after buying an additional 143,189 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock worth $504,885,000 after buying an additional 118,162 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 1,287,616 shares of the company’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $116,658,009.60. Following the sale, the insider directly owned 1,702,853 shares of the company’s stock, valued at $154,278,481.80. This represents a 43.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Down 1.1%

NASDAQ:CALM opened at $102.00 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $61.74 and a 12 month high of $116.41. The firm’s 50 day moving average is $96.99 and its 200 day moving average is $97.73. The stock has a market capitalization of $5.00 billion, a PE ratio of 5.04 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $953.76 million. Cal-Maine Foods had a return on equity of 48.72% and a net margin of 26.08%. The business’s revenue for the quarter was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 EPS. Research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

CALM has been the subject of a number of research analyst reports. Wall Street Zen raised Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday. BMO Capital Markets raised shares of Cal-Maine Foods to a “hold” rating in a report on Tuesday, May 6th. Finally, Stephens restated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

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.