Mercer Global Advisors Inc. ADV Sells 3,314 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Mercer Global Advisors Inc. ADV trimmed its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,517 shares of the basic materials company's stock after selling 3,314 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Cal-Maine Foods were worth $1,700,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CALM. Vanguard Group Inc. increased its position in shares of Cal-Maine Foods by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after purchasing an additional 118,162 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Cal-Maine Foods by 12.7% during the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock worth $130,361,000 after acquiring an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after acquiring an additional 104,512 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Cal-Maine Foods by 60.2% in the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company's stock valued at $69,403,000 after purchasing an additional 253,310 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cal-Maine Foods by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock valued at $66,294,000 after purchasing an additional 22,939 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Up 0.6 %

Shares of NASDAQ:CALM traded up $0.53 during midday trading on Friday, hitting $91.26. 574,662 shares of the stock traded hands, compared to its average volume of 741,659. The stock has a market capitalization of $4.48 billion, a PE ratio of 7.10 and a beta of 0.18. Cal-Maine Foods, Inc. has a one year low of $57.18 and a one year high of $116.41. The business's 50 day moving average is $91.53 and its two-hundred day moving average is $97.10.

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 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $953.76 million. During the same quarter last year, the business posted $3.00 EPS. The business's revenue was up 101.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Transactions at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the company's 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 $119,504,480.40. This represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CALM. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Saturday. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.

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.