Empower Advisory Group LLC Makes New $235,000 Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Empower Advisory Group LLC purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,288 shares of the basic materials company’s stock, valued at approximately $235,000.

Other large investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in shares of Cal-Maine Foods in the third quarter worth about $29,000. Quarry LP increased its holdings in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after buying an additional 189 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after buying an additional 267 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after buying an additional 1,118 shares during the period. Finally, KBC Group NV increased its holdings in shares of Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after buying an additional 629 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, 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.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM opened at $90.05 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $54.88 and a 1 year high of $116.41. The company has a market cap of $4.42 billion, a PE ratio of 7.01 and a beta of -0.12. The stock’s 50-day moving average is $105.93 and its 200 day moving average is $90.99.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $954.70 million for the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the previous year, the business earned $0.35 EPS. Cal-Maine Foods’s revenue was up 82.5% compared to the same quarter last year. Analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods 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.