BNP Paribas Financial Markets Sells 9,920 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

BNP Paribas Financial Markets lessened its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,229 shares of the basic materials company's stock after selling 9,920 shares during the period. BNP Paribas Financial Markets owned 0.05% of Cal-Maine Foods worth $2,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings 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 purchasing an additional 33,731 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Cal-Maine Foods by 2.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,243 shares of the basic materials company's stock worth $1,672,000 after buying an additional 324 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Cal-Maine Foods by 23.1% during the fourth 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 period. J2 Capital Management Inc bought a new position in shares of Cal-Maine Foods during the fourth quarter valued at approximately $584,000. Finally, Eldred Rock Partners LLC raised its holdings in shares of Cal-Maine Foods by 0.4% during the fourth quarter. Eldred Rock Partners LLC now owns 145,630 shares of the basic materials company's stock valued at $14,935,000 after acquiring an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM traded down $1.64 during mid-day trading on Thursday, hitting $95.13. 53,288 shares of the stock traded hands, compared to its average volume of 750,111. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 7.38 and a beta of 0.18. The stock has a fifty day moving average price of $93.30 and a 200-day moving average price of $97.43. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.00 EPS. As a group, sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

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 shares were sold at an average price of $90.60, for a total transaction 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 trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CALM shares. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a research note on Tuesday, May 6th. Finally, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 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.