Ameriprise Financial Inc. Sells 16,869 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Ameriprise Financial Inc. lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,044 shares of the basic materials company's stock after selling 16,869 shares during the period. Ameriprise Financial Inc. owned approximately 0.58% of Cal-Maine Foods worth $29,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CALM. Barclays PLC raised its stake in Cal-Maine Foods by 48.3% during the 3rd quarter. Barclays PLC now owns 103,558 shares of the basic materials company's stock valued at $7,749,000 after buying an additional 33,731 shares during the last quarter. Franklin Resources Inc. raised its stake in Cal-Maine Foods by 91.7% during the 3rd quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company's stock valued at $4,713,000 after buying an additional 30,122 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Cal-Maine Foods by 2.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,243 shares of the basic materials company's stock valued at $1,672,000 after buying an additional 324 shares during the last quarter. Ritholtz Wealth Management raised its stake in Cal-Maine Foods by 23.1% during the 4th quarter. Ritholtz Wealth Management now owns 3,564 shares of the basic materials company's stock valued at $367,000 after buying an additional 668 shares during the last quarter. Finally, J2 Capital Management Inc purchased a new stake in Cal-Maine Foods during the 4th quarter valued at $584,000. Institutional investors own 84.67% of the company's stock.

Insider Buying and Selling

In related news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction on 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 transaction, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 13.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CALM shares. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Stephens reiterated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM traded down $2.47 during midday trading on Monday, hitting $97.17. The company had a trading volume of 989,961 shares, compared to its average volume of 751,718. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 7.56 and a beta of 0.18. Cal-Maine Foods, Inc. has a 12-month low of $57.43 and a 12-month high of $116.41. The company has a fifty day moving average of $92.71 and a two-hundred day moving average of $97.44.

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

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.