Vident Advisory LLC Reduces Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Vident Advisory LLC decreased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Cal-Maine Foods during the 4th quarter worth about $134,000. Nisa Investment Advisors LLC increased its holdings in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after purchasing an additional 1,118 shares during the period. KBC Group NV increased its holdings in Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after purchasing an additional 629 shares during the period. Finally, Colonial River Investments LLC purchased a new stake in Cal-Maine Foods during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 84.67% of the company's stock.

Insider Activity

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated 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 transaction, the insider now owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This represents a 9.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 13.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CALM shares. Wall Street Zen upgraded Cal-Maine Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. Stephens restated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. Finally, BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a report on Tuesday, May 6th.

Cal-Maine Foods Price Performance

Shares of CALM traded up $0.80 during mid-day trading on Tuesday, reaching $95.90. The company's stock had a trading volume of 112,531 shares, compared to its average volume of 1,025,023. Cal-Maine Foods, Inc. has a 12-month low of $57.43 and a 12-month high of $116.41. The stock has a market cap of $4.70 billion, a PE ratio of 7.46 and a beta of 0.18. The company's 50 day moving average is $93.62 and its 200 day moving average is $97.66.

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 analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. During the same quarter in the prior year, the business posted $3.00 EPS. The business's revenue for the quarter was up 101.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

About Cal-Maine Foods

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.