International Assets Investment Management LLC Takes $58.81 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

International Assets Investment Management LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 78,582 shares of the basic materials company’s stock, valued at approximately $58,810,000.

A number of other large investors have also bought and sold shares of CALM. Axiom Advisory LLC raised its stake in shares of Cal-Maine Foods by 3.3% during the third quarter. Axiom Advisory LLC now owns 4,061 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 128 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 155 shares during the last quarter. Garner Asset Management Corp raised its position in Cal-Maine Foods by 0.9% during the 2nd quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock valued at $1,238,000 after purchasing an additional 183 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Cal-Maine Foods by 3.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,404 shares of the basic materials company’s stock worth $330,000 after buying an additional 203 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Cal-Maine Foods by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after buying an additional 230 shares during the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total transaction of $210,600.00. Following the completion of the transaction, the chief operating officer now owns 5,310 shares of the company’s stock, valued at approximately $372,762. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total value of $210,600.00. Following the sale, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at approximately $372,762. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the vice president now owns 16,754 shares of the company’s stock, valued at $1,188,361.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.51% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Stock Down 0.8 %

CALM opened at $89.43 on Monday. Cal-Maine Foods, Inc. has a 52 week low of $44.78 and a 52 week high of $95.06. The stock has a market cap of $4.39 billion, a PE ratio of 15.86 and a beta of -0.10. The business has a 50 day moving average of $77.81 and a 200-day moving average of $67.61.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Stephens started 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 objective for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company 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.