Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 79.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,129 shares of the basic materials company’s stock after selling 139,521 shares during the period. Cerity Partners LLC owned about 0.07% of Cal-Maine Foods worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in shares of Cal-Maine Foods by 6,480.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 39,417 shares of the basic materials company’s stock valued at $2,262,000 after buying an additional 38,818 shares during the period. International Assets Investment Management LLC boosted its position in Cal-Maine Foods by 2,543.8% in the 4th quarter. International Assets Investment Management LLC now owns 117,650 shares of the basic materials company’s stock worth $67,520,000 after purchasing an additional 113,200 shares in the last quarter. Citigroup Inc. grew its stake in shares of Cal-Maine Foods by 26.2% during the 3rd quarter. Citigroup Inc. now owns 42,829 shares of the basic materials company’s stock worth $2,074,000 after purchasing an additional 8,898 shares during the period. Toroso Investments LLC increased its holdings in shares of Cal-Maine Foods by 227.5% during the 3rd quarter. Toroso Investments LLC now owns 41,724 shares of the basic materials company’s stock valued at $2,020,000 after purchasing an additional 28,983 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Cal-Maine Foods in the 3rd quarter valued at $1,533,000. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens restated an “equal weight” rating and set a $65.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Insider Buying and Selling at Cal-Maine Foods

In other news, EVP Charles Jeff Hardin sold 4,458 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.56, for a total transaction of $252,144.48. Following the completion of the sale, the executive vice president now owns 17,830 shares of the company’s stock, valued at $1,008,464.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 1,020 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total value of $57,864.60. Following the transaction, the director now owns 43,570 shares in the company, valued at approximately $2,471,726.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles Jeff Hardin sold 4,458 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total transaction of $252,144.48. Following the sale, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at approximately $1,008,464.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,228 shares of company stock valued at $520,122 over the last ninety days. Corporate insiders own 13.51% of the company’s stock.

Cal-Maine Foods Trading Up 1.5 %

NASDAQ CALM opened at $60.09 on Friday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.65 and a beta of -0.06. The stock has a 50-day moving average of $59.08 and a 200 day moving average of $54.06. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The business had revenue of $703.08 million during the quarter, compared to the consensus estimate of $692.35 million. During the same period in the prior year, the company posted $6.62 EPS. The business’s quarterly revenue was down 29.5% on a year-over-year basis. Equities analysts predict that Cal-Maine Foods, Inc. will post 4.63 EPS for the current fiscal year.

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.