Dimensional Fund Advisors LP Cuts Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dimensional Fund Advisors LP lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,313,478 shares of the basic materials company's stock after selling 325,526 shares during the period. Dimensional Fund Advisors LP owned approximately 4.72% of Cal-Maine Foods worth $238,101,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after buying an additional 118,162 shares during the period. American Century Companies Inc. grew its stake in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after purchasing an additional 143,189 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Cal-Maine Foods by 11.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after purchasing an additional 104,512 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cal-Maine Foods by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock worth $66,294,000 after purchasing an additional 22,939 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Cal-Maine Foods by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock worth $53,272,000 after purchasing an additional 76,387 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Trading Up 2.3 %

Cal-Maine Foods stock traded up $2.13 during trading hours on Friday, hitting $94.81. 775,260 shares of the stock traded hands, compared to its average volume of 724,011. The firm's 50-day moving average price is $90.69 and its two-hundred day moving average price is $96.97. The company has a market cap of $4.65 billion, a PE ratio of 7.38 and a beta of 0.11. Cal-Maine Foods, Inc. has a one year low of $55.15 and a one year high of $116.41.

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 earnings per share 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 analysts' expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business's revenue was up 101.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.00 EPS. On average, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CALM shares. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Thursday. Stephens reissued an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday.

Insider Buying and Selling at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the company'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 sale, the insider now owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 13.45% of the company's stock.

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.