Wedge Capital Management L L P NC Sells 14,074 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wedge Capital Management L L P NC lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,244 shares of the basic materials company's stock after selling 14,074 shares during the period. Wedge Capital Management L L P NC owned approximately 0.19% of Cal-Maine Foods worth $5,236,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CALM. AE Wealth Management LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter valued at $733,000. SG Americas Securities LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter valued at $643,000. State of Alaska Department of Revenue raised its stake in Cal-Maine Foods by 1.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,347 shares of the basic materials company's stock valued at $1,227,000 after purchasing an additional 344 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter valued at $29,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Cal-Maine Foods during the 3rd quarter valued at $225,000. Institutional investors own 84.67% of the company's stock.

Wall Street Analyst Weigh In

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

Cal-Maine Foods Stock Down 1.4 %

Shares of Cal-Maine Foods stock traded down $0.86 on Wednesday, hitting $58.82. 555,614 shares of the company traded hands, compared to its average volume of 665,626. The company has a 50-day moving average price of $59.24 and a 200 day moving average price of $54.38. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $64.76. The company has a market cap of $2.88 billion, a PE ratio of 10.57 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.55. The firm had revenue of $703.08 million during 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%. Cal-Maine Foods's revenue for the quarter was down 29.5% on a year-over-year basis. During the same period in the prior year, the company posted $6.62 earnings per share. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

Insider Buying and Selling

In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 750 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total transaction of $42,382.50. Following the completion of the sale, the executive vice president now directly owns 3,999 shares in the company, valued at $225,983.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cal-Maine Foods news, Director James E. Poole sold 3,000 shares of the company's 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 completion of the sale, the director now directly owns 11,670 shares in the company, valued at $652,469.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles Jeff Hardin sold 750 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total transaction of $42,382.50. Following the transaction, the executive vice president now directly owns 3,999 shares of the company's stock, valued at approximately $225,983.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,228 shares of company stock worth $520,122. Corporate insiders own 13.51% of the company's stock.

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.