Integrated Wealth Concepts LLC Sells 4,365 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Integrated Wealth Concepts LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,621 shares of the basic materials company's stock after selling 4,365 shares during the period. Integrated Wealth Concepts LLC owned 0.07% of Cal-Maine Foods worth $3,769,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Savant Capital LLC lifted its holdings in Cal-Maine Foods by 2.5% during the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock worth $391,000 after purchasing an additional 92 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Cal-Maine Foods by 1.7% in the fourth quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company's stock worth $592,000 after buying an additional 97 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Cal-Maine Foods by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company's stock valued at $442,000 after acquiring an additional 136 shares during the period. US Bancorp DE grew its stake in Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock valued at $691,000 after acquiring an additional 156 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Cal-Maine Foods by 2.5% during the 4th quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company's stock worth $1,064,000 after acquiring an additional 255 shares during the period. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Trading Down 1.0 %

Shares of NASDAQ:CALM traded down $0.89 during trading on Thursday, reaching $92.48. The company had a trading volume of 998,241 shares, compared to its average volume of 728,896. The company has a fifty day moving average of $90.94 and a two-hundred day moving average of $96.98. The stock has a market capitalization of $4.54 billion, a P/E 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 released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating 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 company's revenue for the quarter was up 101.6% on a year-over-year basis. During the same quarter last year, the business posted $3.00 earnings per share. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction on 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 completion of the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CALM has been the topic of several research analyst reports. Stephens reaffirmed 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 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.