Janus Henderson Group PLC Grows Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Janus Henderson Group PLC grew its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 191.4% during the 4th quarter, Holdings Channel reports. The fund owned 167,736 shares of the basic materials company’s stock after purchasing an additional 110,170 shares during the period. Janus Henderson Group PLC’s holdings in Cal-Maine Foods were worth $17,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CALM. Northern Trust Corp lifted its stake in shares of Cal-Maine Foods by 60.2% in the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company’s stock valued at $69,403,000 after purchasing an additional 253,310 shares during the period. American Century Companies Inc. lifted its stake in shares of Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after purchasing an additional 143,189 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock valued at $504,885,000 after purchasing an additional 118,162 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock valued at $102,801,000 after purchasing an additional 104,512 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cal-Maine Foods by 17.3% in the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after purchasing an additional 76,387 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CALM has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Cal-Maine Foods to a “hold” rating in a research note on Tuesday, May 6th. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th. Finally, Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Cal-Maine Foods Stock Up 2.9%

CALM opened at $97.01 on Friday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 7.55 and a beta of 0.18. Cal-Maine Foods, Inc. has a 52-week low of $57.18 and a 52-week high of $116.41. The firm’s fifty day simple moving average is $92.26 and its two-hundred day simple moving average is $97.18.

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

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated Thursday, April 17th. The shares were 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 directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.45% of the company’s stock.

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.