Buck Wealth Strategies LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,309 shares of the basic materials company's stock after selling 4,015 shares during the period. Buck Wealth Strategies LLC owned 0.11% of Cal-Maine Foods worth $4,846,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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 valued at $504,885,000 after buying an additional 118,162 shares during the period. American Century Companies Inc. increased its position in Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after purchasing an additional 143,189 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Cal-Maine Foods by 11.7% during the 4th 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. Northern Trust Corp raised its holdings in Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock worth $69,403,000 after purchasing an additional 253,310 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cal-Maine Foods by 3.7% in the 4th 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 period. 84.67% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, insider Adolphus B. Baker sold 140,266 shares of the business'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 transaction of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares in the company, valued at $119,504,480.40. The trade was a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 13.45% of the company's stock.
Cal-Maine Foods Stock Performance
Shares of CALM stock traded down $2.52 during trading hours on Wednesday, hitting $99.34. 751,096 shares of the company were exchanged, compared to its average volume of 750,768. The company has a 50 day simple moving average of $95.67 and a two-hundred day simple moving average of $97.99. The firm has a market cap of $4.87 billion, a P/E ratio of 4.91 and a beta of 0.17. Cal-Maine Foods, Inc. has a fifty-two week low of $60.00 and a fifty-two week high of $116.41.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a net margin of 26.08% and a return on equity of 48.72%. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. During the same period last year, the company posted $3.00 earnings per share. The business's quarterly revenue was up 101.6% on a year-over-year basis. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upgraded shares of Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded Cal-Maine Foods from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Finally, Stephens reissued an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.
Read Our Latest Analysis on CALM
Cal-Maine Foods Profile
(
Free Report)
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.
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