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

Cozad Asset Management Inc. decreased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,447 shares of the basic materials company’s stock after selling 466 shares during the quarter. Cozad Asset Management Inc.’s holdings in Cal-Maine Foods were worth $3,031,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after buying an additional 159,787 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Cal-Maine Foods by 652.6% in the third quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock valued at $11,997,000 after buying an additional 139,000 shares during the last quarter. Bank of New York Mellon Corp increased 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 buying an additional 76,387 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Cal-Maine Foods by 130.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock valued at $9,913,000 after buying an additional 75,090 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Cal-Maine Foods by 52.5% in the fourth quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company’s stock valued at $20,262,000 after buying an additional 67,807 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the sale, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Up 2.7 %

Shares of Cal-Maine Foods stock opened at $83.03 on Monday. The business’s 50 day simple moving average is $100.44 and its 200-day simple moving average is $93.13. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 6.46 and a beta of -0.12. Cal-Maine Foods, Inc. has a twelve month low of $55.00 and a twelve month high of $116.41.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CALM shares. Stephens reissued an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

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.