Vident Advisory LLC decreased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,207 shares of the basic materials company's stock after selling 3,219 shares during the quarter. Vident Advisory LLC owned approximately 0.05% of Cal-Maine Foods worth $2,697,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Cal-Maine Foods by 339.1% in 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. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter worth about $134,000. Nisa Investment Advisors LLC boosted its holdings in shares of 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 worth $148,000 after buying an additional 1,118 shares during the last quarter. KBC Group NV boosted its holdings in shares of Cal-Maine Foods by 59.8% in the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after buying an additional 629 shares during the last quarter. Finally, Colonial River Investments LLC purchased a new position in shares of Cal-Maine Foods in the 4th quarter worth about $203,000. Institutional investors own 84.67% of the company's stock.
Wall Street Analyst Weigh In
CALM has been the topic of a number of research analyst reports. Stephens reissued an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Finally, BMO Capital Markets raised shares of Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.
View Our Latest Stock Report on Cal-Maine Foods
Insider Buying and Selling at Cal-Maine Foods
In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.45% of the company's stock.
Cal-Maine Foods Stock Up 0.4%
NASDAQ CALM opened at $96.77 on Thursday. The company has a market cap of $4.75 billion, a PE ratio of 7.53 and a beta of 0.18. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41. The firm's 50-day simple moving average is $93.30 and its two-hundred day simple moving average is $97.43.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 EPS 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 the consensus estimate 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 revenue was up 101.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 earnings per share. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.
Cal-Maine Foods Profile
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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.
See Also
Want to see what other hedge funds are holding CALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report).
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