Dean Investment Associates LLC Reduces Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dean Investment Associates LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 48.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,826 shares of the basic materials company’s stock after selling 14,678 shares during the quarter. Dean Investment Associates LLC’s holdings in Cal-Maine Foods were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CALM. Savant Capital LLC grew its stake in Cal-Maine Foods by 2.5% during the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after purchasing an additional 92 shares during the last quarter. Evergreen Capital Management LLC raised its position in Cal-Maine Foods by 1.7% during the 4th quarter. Evergreen Capital Management LLC now owns 5,755 shares of the basic materials company’s stock worth $592,000 after buying an additional 97 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Cal-Maine Foods by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,290 shares of the basic materials company’s stock valued at $442,000 after acquiring an additional 136 shares during the period. US Bancorp DE increased its stake in shares of Cal-Maine Foods by 2.4% in the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after acquiring an additional 156 shares during the period. Finally, Stifel Financial Corp lifted its position in Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after purchasing an additional 188 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Trading Down 1.1 %

NASDAQ CALM opened at $91.49 on Friday. Cal-Maine Foods, Inc. has a twelve month low of $55.15 and a twelve month high of $116.41. The stock has a 50-day moving average of $91.78 and a 200 day moving average of $96.42. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 7.12 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 101.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.00 EPS. Equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports 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 lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th.

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.