Cozad Asset Management Inc. Grows Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cozad Asset Management Inc. grew its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,913 shares of the basic materials company’s stock after acquiring an additional 1,652 shares during the quarter. Cozad Asset Management Inc. owned 0.06% of Cal-Maine Foods worth $2,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Cal-Maine Foods by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,795,570 shares of the basic materials company’s stock worth $282,219,000 after purchasing an additional 23,915 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cal-Maine Foods by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock valued at $159,863,000 after acquiring an additional 114,995 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Cal-Maine Foods by 5.5% during the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock valued at $129,286,000 after acquiring an additional 110,900 shares during the last quarter. American Century Companies Inc. lifted its holdings in Cal-Maine Foods by 8.9% during the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after acquiring an additional 82,772 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Cal-Maine Foods by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 481,313 shares of the basic materials company’s stock valued at $29,413,000 after purchasing an additional 10,287 shares during the period. Institutional investors own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is owned by corporate insiders.

Cal-Maine Foods Stock Up 2.3 %

CALM opened at $90.71 on Thursday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 10.39 and a beta of -0.12. The firm has a 50-day moving average price of $80.57 and a 200-day moving average price of $69.15. Cal-Maine Foods, Inc. has a twelve month low of $45.07 and a twelve month high of $95.06.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The company had revenue of $785.87 million during the quarter, compared to the consensus estimate of $704.65 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. Cal-Maine Foods’s revenue was up 71.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stephens assumed coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a research note on Wednesday, July 17th.

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.