Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,322 shares of the basic materials company’s stock after selling 549 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cal-Maine Foods were worth $2,812,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Cal-Maine Foods by 3.0% during 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 purchasing an additional 46,187 shares in the last quarter. Pacer Advisors Inc. grew its position in Cal-Maine Foods by 4.3% during 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 buying an additional 64,489 shares during the period. Geode Capital Management LLC increased 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 buying an additional 10,984 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Cal-Maine Foods by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock worth $46,490,000 after acquiring an additional 20,528 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $53,272,000 after acquiring an additional 76,387 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Stephens restated an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $88.78 on Friday. The stock has a market capitalization of $4.35 billion, a PE ratio of 6.91 and a beta of -0.12. The company has a fifty day moving average of $104.13 and a two-hundred day moving average of $91.66. Cal-Maine Foods, Inc. has a fifty-two week low of $54.88 and a fifty-two week high of $116.41.

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

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’s 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 transaction, the director now directly owns 42,761 shares of the company’s stock, 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 filing with the SEC, which is available at this link. Corporate insiders own 13.45% of the company’s stock.

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.