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

Gotham Asset Management LLC reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,985 shares of the basic materials company’s stock after selling 170 shares during the quarter. Gotham Asset Management LLC’s holdings in Cal-Maine Foods were worth $719,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in Cal-Maine Foods by 339.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Cal-Maine Foods in the 4th quarter worth approximately $134,000. Nisa Investment Advisors LLC boosted 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 purchasing an additional 1,118 shares during the period. KBC Group NV boosted its position in Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 629 shares during the period. Finally, Colonial River Investments LLC bought a new position in Cal-Maine Foods during the 4th quarter worth $203,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the company’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 completion of the sale, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $99.64 on Monday. Cal-Maine Foods, Inc. has a one year low of $57.43 and a one year high of $116.41. The stock’s fifty day moving average is $92.50 and its 200-day moving average is $97.37. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 7.75 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM) last announced its 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. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same quarter in the prior year, the firm posted $3.00 EPS. Cal-Maine Foods’s revenue was up 101.6% compared to the same quarter last year. Analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CALM. Stephens reissued an “equal weight” rating and set a $97.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 23rd. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th. Finally, BMO Capital Markets upgraded shares of Cal-Maine Foods to a “hold” rating in a research note on Tuesday, May 6th.

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.