Asset Management One Co. Ltd. Decreases Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Asset Management One Co. Ltd. reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 17.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,238 shares of the basic materials company's stock after selling 5,686 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Cal-Maine Foods worth $2,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Cal-Maine Foods by 339.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after acquiring an additional 797 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Cal-Maine Foods in the fourth quarter worth $239,000. US Bancorp DE lifted its position in Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after purchasing an additional 156 shares during the last quarter. Victory Capital Management Inc. lifted its position in Cal-Maine Foods by 52.5% during the fourth quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company's stock valued at $20,262,000 after purchasing an additional 67,807 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter worth $1,123,000. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Trading Down 1.1%

Shares of CALM stock traded down $1.17 on Thursday, reaching $102.00. 433,063 shares of the company's stock were exchanged, compared to its average volume of 754,651. The company's fifty day simple moving average is $96.66 and its 200 day simple moving average is $97.84. Cal-Maine Foods, Inc. has a 52 week low of $61.67 and a 52 week high of $116.41. The stock has a market capitalization of $5.00 billion, a PE ratio of 5.04 and a beta of 0.17.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results 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 48.72% and a net margin of 26.08%. The business's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period last year, the company earned $3.00 earnings per share. As a group, sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CALM. Stephens restated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen lowered Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st.

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 1,287,616 shares of the 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 $116,658,009.60. Following the transaction, the insider owned 1,702,853 shares of the company's stock, valued at $154,278,481.80. This represents a 43.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.45% of the stock is currently owned by company insiders.

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.