Eldred Rock Partners LLC Acquires 635 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Eldred Rock Partners LLC raised its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,630 shares of the basic materials company’s stock after acquiring an additional 635 shares during the period. Cal-Maine Foods makes up about 5.0% of Eldred Rock Partners LLC’s portfolio, making the stock its 4th biggest position. Eldred Rock Partners LLC owned about 0.30% of Cal-Maine Foods worth $14,935,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Neo Ivy Capital Management acquired a new stake in Cal-Maine Foods during the third quarter worth about $788,000. Friedenthal Financial acquired a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $765,000. Centiva Capital LP purchased a new position in shares of Cal-Maine Foods during the 3rd quarter valued at approximately $491,000. Franklin Resources Inc. lifted its stake in shares of Cal-Maine Foods by 91.7% in the 3rd quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company’s stock valued at $4,713,000 after purchasing an additional 30,122 shares during the period. Finally, Barclays PLC boosted its holdings in Cal-Maine Foods by 48.3% during the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock worth $7,749,000 after buying an additional 33,731 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the 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 completion of the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

CALM has been the subject of a number of recent analyst reports. Stephens began coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price objective for the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $113.63 on Monday. The firm has a market cap of $5.57 billion, a PE ratio of 8.84 and a beta of -0.11. Cal-Maine Foods, Inc. has a one year low of $53.38 and a one year high of $114.40. The firm has a fifty day moving average of $101.36 and a 200 day moving average of $84.55.

Cal-Maine Foods (NASDAQ:CALM) last released 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 firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

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.