Hancock Whitney Corp Has $352,000 Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Hancock Whitney Corp decreased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,416 shares of the basic materials company's stock after selling 4,023 shares during the quarter. Hancock Whitney Corp's holdings in Cal-Maine Foods were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in 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 valued at $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Cal-Maine Foods in the 4th quarter valued at $134,000. GAMMA Investing LLC grew its holdings in shares of Cal-Maine Foods by 24.3% in 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 increased its position in shares of 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 in the last quarter. Finally, KBC Group NV lifted 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 valued at $173,000 after purchasing an additional 629 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Down 1.0 %

Cal-Maine Foods stock traded down $0.89 during mid-day trading on Thursday, hitting $92.48. The stock had a trading volume of 998,241 shares, compared to its average volume of 728,896. The stock has a 50-day simple moving average of $90.94 and a two-hundred day simple moving average of $96.98. The stock has a market capitalization of $4.54 billion, a PE ratio of 7.20 and a beta of 0.11. Cal-Maine Foods, Inc. has a 12 month low of $55.17 and a 12 month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates 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 for the quarter was up 101.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.00 EPS. Sell-side analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CALM shares. Stephens restated an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 23rd. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Thursday, April 24th.

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.