Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,451 shares of the basic materials company's stock after selling 23,143 shares during the period. Allspring Global Investments Holdings LLC owned 0.09% of Cal-Maine Foods worth $2,494,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp bought a new position in shares of Cal-Maine Foods during the 4th quarter valued at approximately $26,000. Exchange Traded Concepts LLC bought a new position in Cal-Maine Foods in the 3rd quarter worth approximately $29,000. Byrne Asset Management LLC bought a new position in Cal-Maine Foods in the 3rd quarter worth approximately $29,000. Signaturefd LLC boosted its holdings in Cal-Maine Foods by 44.2% in the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company's stock worth $37,000 after buying an additional 233 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Cal-Maine Foods by 460.3% in the 4th quarter. Blue Trust Inc. now owns 1,087 shares of the basic materials company's stock worth $62,000 after buying an additional 893 shares during the period. Hedge funds and other institutional investors own 84.67% of the company's stock.

Insider Buying and Selling

In other news, Director James E. Poole sold 3,000 shares of Cal-Maine Foods stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the sale, the director now owns 11,670 shares of the company's stock, valued at approximately $652,469.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Letitia Callender Hughes sold 1,020 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.73, for a total transaction of $57,864.60. Following the sale, the director now owns 43,570 shares of the company's stock, valued at $2,471,726.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Poole sold 3,000 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the sale, the director now directly owns 11,670 shares in the company, valued at approximately $652,469.70. The disclosure for this sale can be found here. Insiders have sold a total of 9,228 shares of company stock worth $520,122 in the last 90 days. 13.51% of the stock is owned by company insiders.

Cal-Maine Foods Price Performance

NASDAQ:CALM traded down $0.39 during trading hours on Monday, hitting $59.70. The stock had a trading volume of 687,249 shares, compared to its average volume of 666,358. The company has a 50 day simple moving average of $59.08 and a two-hundred day simple moving average of $54.17. Cal-Maine Foods, Inc. has a one year low of $42.25 and a one year high of $64.76. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 10.65 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.55. The company had revenue of $703.08 million for the quarter, compared to analysts' expectations of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The firm's revenue was down 29.5% compared to the same quarter last year. During the same quarter last year, the company earned $6.62 EPS. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post 4.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens reaffirmed an "equal weight" rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

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.