Prudential Financial Inc. Acquires 33,172 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Prudential Financial Inc. grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 77.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,247 shares of the basic materials company’s stock after buying an additional 33,172 shares during the period. Prudential Financial Inc.’s holdings in Cal-Maine Foods were worth $7,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP boosted its holdings in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Cal-Maine Foods during the 4th quarter valued at about $134,000. GAMMA Investing LLC increased its position in shares of Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after buying an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after buying an additional 1,118 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

CALM has been the topic of several research reports. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Stephens restated an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction dated 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 in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $91.01 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 7.08 and a beta of -0.12. The company has a 50-day moving average of $97.15 and a 200 day moving average of $94.42.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share 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 business had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s revenue was up 82.5% compared to the same quarter last year. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.