Hillsdale Investment Management Inc. Acquires 390 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hillsdale Investment Management Inc. increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,980 shares of the basic materials company’s stock after acquiring an additional 390 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.11% of Cal-Maine Foods worth $5,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after purchasing an additional 159,787 shares in the last quarter. American Century Companies Inc. increased its stake in 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 valued at $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Two Sigma Advisers LP increased its stake in Cal-Maine Foods by 652.6% during the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after purchasing an additional 139,000 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Cal-Maine Foods by 17.3% during 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 purchasing an additional 76,387 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after purchasing an additional 75,090 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 0.5 %

Shares of CALM stock opened at $89.20 on Friday. The company has a 50 day moving average price of $98.98 and a 200-day moving average price of $93.44. Cal-Maine Foods, Inc. has a 52 week low of $55.00 and a 52 week high of $116.41. The firm has a market capitalization of $4.37 billion, a PE ratio of 6.94 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping 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 firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 82.5% on a year-over-year basis. Analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 13.45% of the company’s stock.

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.