World Investment Advisors LLC Takes $1.59 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

World Investment Advisors LLC bought a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,180 shares of the basic materials company’s stock, valued at approximately $1,585,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CALM. Two Sigma Advisers LP raised its holdings in shares of Cal-Maine Foods by 652.6% during the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after acquiring an additional 139,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Cal-Maine Foods by 4.6% during 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 purchasing an additional 114,995 shares in the last quarter. Renaissance Technologies LLC raised its stake in 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 purchasing an additional 110,900 shares in the last quarter. American Century Companies Inc. lifted its position 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 valued at $61,948,000 after purchasing an additional 82,772 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Cal-Maine Foods in the 3rd quarter worth $58,810,000. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Up 2.1 %

CALM stock opened at $108.12 on Friday. Cal-Maine Foods, Inc. has a twelve month low of $53.02 and a twelve month high of $108.22. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 12.38 and a beta of -0.10. The firm’s fifty day simple moving average is $93.60 and its two-hundred day simple moving average is $76.41.

Cal-Maine Foods (NASDAQ:CALM) last released 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). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. 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 firm posted $0.02 earnings per share. Cal-Maine Foods’s revenue for the quarter was up 71.1% on a year-over-year basis. As a group, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stephens initiated 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 for the company. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd.

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.