Marshall Wace LLP Has $1.30 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Marshall Wace LLP lessened its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 93.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,619 shares of the basic materials company's stock after selling 191,494 shares during the quarter. Marshall Wace LLP's holdings in Cal-Maine Foods were worth $1,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in 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 valued at $148,000 after purchasing an additional 1,118 shares during the period. Vest Financial LLC boosted its stake in shares of Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company's stock valued at $2,424,000 after buying an additional 3,449 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Cal-Maine Foods by 1,061.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company's stock valued at $3,330,000 after buying an additional 30,089 shares during the period. Smartleaf Asset Management LLC grew its position in Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after buying an additional 797 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Cal-Maine Foods by 112.4% during the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company's stock worth $1,215,000 after acquiring an additional 6,247 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction that occurred 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 $119,504,480.40. This represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CALM shares. StockNews.com lowered Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Friday. Stephens reiterated an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.

Cal-Maine Foods Trading Up 0.5 %

NASDAQ CALM traded up $0.43 on Friday, hitting $92.91. 748,678 shares of the company's stock were exchanged, compared to its average volume of 730,593. The stock has a 50-day moving average of $91.10 and a 200-day moving average of $97.02. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.11. Cal-Maine Foods, Inc. has a 52 week low of $56.40 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 101.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.00 EPS. As a group, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

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.