Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,610 shares of the basic materials company’s stock after selling 10,410 shares during the period. Jupiter Asset Management Ltd. owned 0.23% of Cal-Maine Foods worth $11,487,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Cal-Maine Foods by 3.0% in the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after acquiring an additional 46,187 shares during the period. Pacer Advisors Inc. boosted its holdings in Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after purchasing an additional 64,489 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cal-Maine Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock valued at $74,000,000 after purchasing an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cal-Maine Foods by 3.7% in the fourth 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. Finally, Bank of New York Mellon Corp boosted its holdings in Cal-Maine Foods by 17.3% in the fourth quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after purchasing an additional 76,387 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CALM has been the topic of several recent research reports. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Down 1.3 %

CALM stock opened at $86.46 on Thursday. The company’s 50-day simple moving average is $101.43 and its 200-day simple moving average is $92.83. Cal-Maine Foods, Inc. has a 52-week low of $55.00 and a 52-week high of $116.41. The firm has a market cap of $4.24 billion, a P/E ratio of 6.73 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. The firm had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Company 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.