OMERS ADMINISTRATION Corp Sells 16,950 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

OMERS ADMINISTRATION Corp lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 54.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 14,150 shares of the basic materials company's stock after selling 16,950 shares during the period. OMERS ADMINISTRATION Corp's holdings in Cal-Maine Foods were worth $1,456,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its holdings 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 period. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods in the fourth quarter worth about $134,000. Nisa Investment Advisors LLC lifted its stake in Cal-Maine Foods by 350.5% during the fourth 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 during the period. KBC Group NV grew its stake in shares of Cal-Maine Foods by 59.8% in 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 period. Finally, Colonial River Investments LLC bought a new stake in shares of Cal-Maine Foods in the 4th quarter valued at approximately $203,000. Institutional investors own 84.67% of the company's stock.

Insider Activity

In related news, insider Adolphus B. Baker sold 140,266 shares of Cal-Maine Foods stock in a transaction dated 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 completion of the sale, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This trade represents a 9.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on CALM. BMO Capital Markets upgraded Cal-Maine Foods to a "hold" rating in a research report on Tuesday, May 6th. Stephens restated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. Finally, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 10th.

Cal-Maine Foods Price Performance

Shares of CALM traded up $0.56 on Wednesday, hitting $96.92. The company's stock had a trading volume of 114,891 shares, compared to its average volume of 750,576. The company has a market capitalization of $4.75 billion, a PE ratio of 7.54 and a beta of 0.18. Cal-Maine Foods, Inc. has a fifty-two week low of $57.43 and a fifty-two week high of $116.41. The company has a 50 day moving average price of $93.02 and a 200 day moving average price of $97.43.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 20.39% and a return on equity of 33.69%. The firm's quarterly revenue was up 101.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.00 EPS. On average, equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

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.