American Century Companies Inc. Acquires 143,189 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

American Century Companies Inc. increased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,266,621 shares of the basic materials company’s stock after purchasing an additional 143,189 shares during the period. American Century Companies Inc. owned approximately 2.58% of Cal-Maine Foods worth $130,361,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Savant Capital LLC boosted its holdings in Cal-Maine Foods by 2.5% during the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 92 shares during the period. Martingale Asset Management L P raised its position in shares of Cal-Maine Foods by 0.4% during the third quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock valued at $2,943,000 after buying an additional 145 shares during the last quarter. US Bancorp DE raised its position in shares of Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock valued at $691,000 after buying an additional 156 shares during the last quarter. Stifel Financial Corp raised its position in shares of Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after buying an additional 188 shares during the last quarter. Finally, Quarry LP raised its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 0.5 %

NASDAQ:CALM opened at $89.20 on Monday. Cal-Maine Foods, Inc. has a 12-month low of $55.00 and a 12-month 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. The firm has a 50-day moving average price of $98.98 and a 200 day moving average price of $93.77.

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, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CALM. Stephens reaffirmed 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. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred 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. This represents a 1.86 % 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. Company insiders own 13.45% of the company’s stock.

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.