Schonfeld Strategic Advisors LLC Lowers Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Schonfeld Strategic Advisors LLC lessened its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,460 shares of the basic materials company’s stock after selling 563 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Cal-Maine Foods were worth $1,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CALM. Nisa Investment Advisors LLC increased its position in Cal-Maine Foods by 350.5% during the 4th 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. Vest Financial LLC grew its stake in shares of Cal-Maine Foods by 17.2% in the fourth quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after acquiring an additional 3,449 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Cal-Maine Foods by 1,061.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock valued at $3,330,000 after acquiring an additional 30,089 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock worth $1,215,000 after purchasing an additional 6,247 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CALM. Stephens restated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets upgraded Cal-Maine Foods to a “hold” rating in a research note on Tuesday.

Cal-Maine Foods Stock Performance

CALM opened at $95.62 on Thursday. The company’s 50-day simple moving average is $91.47 and its two-hundred day simple moving average is $97.03. The stock has a market capitalization of $4.69 billion, a P/E ratio of 7.44 and a beta of 0.18. Cal-Maine Foods, Inc. has a 52-week low of $56.73 and a 52-week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $3.00 earnings per share. Research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods 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.