Shariaportfolio Inc. Has $2.45 Million Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Shariaportfolio Inc. reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 46.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,848 shares of the basic materials company’s stock after selling 20,503 shares during the quarter. Cal-Maine Foods accounts for 1.2% of Shariaportfolio Inc.’s holdings, making the stock its 11th biggest holding. Shariaportfolio Inc.’s holdings in Cal-Maine Foods were worth $2,454,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter worth $29,000. Quarry LP boosted its stake in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares in the last quarter. GAMMA Investing LLC boosted its stake in Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after buying an additional 267 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after buying an additional 1,118 shares in the last quarter. Finally, KBC Group NV boosted its stake in Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock valued at $173,000 after buying an additional 629 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Up 0.9 %

NASDAQ:CALM opened at $90.96 on Monday. The stock’s 50-day simple moving average is $105.58 and its 200 day simple moving average is $91.45. The firm has a market capitalization of $4.46 billion, a PE ratio of 7.08 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $54.88 and a twelve month high of $116.41.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Insider Buying and Selling 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 stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.45% of the company’s stock.

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.