Metis Global Partners LLC Invests $224,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Metis Global Partners LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,173 shares of the basic materials company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its position in shares of Cal-Maine Foods by 3.0% during the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after buying an additional 46,187 shares during the period. Pacer Advisors Inc. boosted its position in shares of Cal-Maine Foods by 4.3% during the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after buying an additional 64,489 shares during the period. Geode Capital Management LLC boosted its position in shares of Cal-Maine Foods by 1.1% during the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after buying an additional 10,984 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Cal-Maine Foods by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock worth $46,490,000 after buying an additional 20,528 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Cal-Maine Foods by 17.3% during the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock worth $53,272,000 after buying an additional 76,387 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

CALM opened at $82.65 on Friday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 6.43 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41. The business has a 50 day moving average price of $103.02 and a two-hundred day moving average price of $92.32.

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

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the sale, the director now directly owns 42,761 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.45% of the company’s stock.

Analysts Set New Price Targets

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

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.