Guggenheim Capital LLC Sells 13,957 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Guggenheim Capital LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 62.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,541 shares of the basic materials company's stock after selling 13,957 shares during the quarter. Guggenheim Capital LLC's holdings in Cal-Maine Foods were worth $879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 acquiring an additional 797 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods during the 4th quarter worth about $134,000. GAMMA Investing LLC increased its position in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after purchasing an additional 267 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after acquiring an additional 1,118 shares in the last quarter. Finally, KBC Group NV increased its position in Cal-Maine Foods by 59.8% during the fourth 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. Institutional investors and hedge funds own 84.67% of the company's stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th.

Cal-Maine Foods Stock Up 0.3 %

NASDAQ CALM traded up $0.26 on Tuesday, hitting $95.76. The company's stock had a trading volume of 101,285 shares, compared to its average volume of 722,723. The firm has a market cap of $4.70 billion, a PE ratio of 7.45 and a beta of 0.11. The company's 50-day moving average is $90.76 and its 200 day moving average is $97.01. Cal-Maine Foods, Inc. has a 1-year low of $55.15 and a 1-year 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 for the quarter, topping analysts' consensus estimates 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 return on equity of 33.69% and a net margin of 20.39%. The firm's revenue for the quarter was up 101.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.00 EPS. On average, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.