Summit Investment Advisors Inc. Has $442,000 Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Summit Investment Advisors Inc. boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,290 shares of the basic materials company’s stock after purchasing an additional 136 shares during the period. Summit Investment Advisors Inc.’s holdings in Cal-Maine Foods were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods in the fourth quarter valued at approximately $134,000. GAMMA Investing LLC raised its holdings in Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 267 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 1,118 shares during the period. Finally, KBC Group NV boosted its stake in shares of Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 629 shares during the last quarter. 84.67% of the stock is owned by institutional investors.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares of the company’s stock, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Stock Down 1.1 %

Shares of CALM stock opened at $91.49 on Friday. The firm has a 50 day moving average of $91.33 and a 200-day moving average of $96.67. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 7.12 and a beta of 0.11. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $953.76 million. During the same period last year, the company posted $3.00 earnings per share. The business’s quarterly revenue was up 101.6% on a year-over-year basis. Analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Ratings Changes

CALM has been the subject of a number of analyst reports. Stephens reissued an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th.

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.