Hillsdale Investment Management Inc. Raises Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

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

Several other large investors have also added to or reduced their stakes in CALM. JPMorgan Chase & Co. lifted its holdings in Cal-Maine Foods by 88.6% during the third 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. raised its position in shares of Cal-Maine Foods by 12.7% during the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after buying an additional 143,189 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Cal-Maine Foods by 652.6% during the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after buying an additional 139,000 shares during the last quarter. Bank of New York Mellon Corp raised 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 valued at $53,272,000 after buying an additional 76,387 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Cal-Maine Foods by 130.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after buying an additional 75,090 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock opened at $89.20 on Friday. The stock has a market cap of $4.37 billion, a P/E ratio of 6.94 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 firm’s 50 day moving average price is $98.98 and its 200-day moving average price is $93.44.

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

Insider Buying and Selling

In related 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 value of $88,965.73. Following the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.