First Trust Advisors LP Has $140.96 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

First Trust Advisors LP reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,369,575 shares of the basic materials company's stock after selling 302,205 shares during the quarter. First Trust Advisors LP owned approximately 2.79% of Cal-Maine Foods worth $140,957,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CALM. Savant Capital LLC boosted its stake in Cal-Maine Foods by 2.5% during the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock valued at $391,000 after buying an additional 92 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in Cal-Maine Foods by 1.7% in the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock valued at $592,000 after acquiring an additional 97 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Cal-Maine Foods by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 136 shares in the last quarter. US Bancorp DE grew its stake in shares of Cal-Maine Foods by 2.4% in the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after purchasing an additional 156 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock valued at $1,126,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Trading Up 1.1 %

NASDAQ:CALM traded up $1.02 during trading hours on Friday, hitting $93.70. 214,732 shares of the stock traded hands, compared to its average volume of 721,041. The firm has a 50 day moving average price of $90.62 and a 200 day moving average price of $96.82. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 7.27 and a beta of 0.11. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same period in the prior year, the firm earned $3.00 earnings per share. The firm's revenue was up 101.6% compared to the same quarter last year. Research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Analyst Ratings Changes

CALM has been the subject of a number of recent research reports. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Thursday. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday.

Insider Activity at Cal-Maine Foods

In related 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 value of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.