Kestra Private Wealth Services LLC Cuts Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kestra Private Wealth Services LLC trimmed its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,539 shares of the basic materials company’s stock after selling 204 shares during the period. Kestra Private Wealth Services LLC’s holdings in Cal-Maine Foods were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CALM. Commonwealth Equity Services LLC boosted its stake in shares of Cal-Maine Foods by 7.9% in the third quarter. Commonwealth Equity Services LLC now owns 17,092 shares of the basic materials company’s stock valued at $828,000 after buying an additional 1,253 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Cal-Maine Foods by 6.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,038 shares of the basic materials company’s stock worth $389,000 after purchasing an additional 504 shares during the period. Raymond James & Associates increased its holdings in shares of Cal-Maine Foods by 2.8% in the 3rd quarter. Raymond James & Associates now owns 116,417 shares of the basic materials company’s stock valued at $5,637,000 after purchasing an additional 3,132 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Cal-Maine Foods by 15.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 44,831 shares of the basic materials company’s stock valued at $2,171,000 after purchasing an additional 5,958 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Cal-Maine Foods by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 705,269 shares of the basic materials company’s stock worth $34,149,000 after buying an additional 16,958 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $57.38 on Thursday. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.17 and a beta of -0.02. Cal-Maine Foods, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $64.76. The stock’s fifty day moving average is $59.16 and its two-hundred day moving average is $55.09.

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

Insider Activity at Cal-Maine Foods

In other news, EVP Charles Jeff Hardin sold 750 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total value of $42,382.50. Following the completion of the sale, the executive vice president now owns 3,999 shares of the company’s stock, valued at $225,983.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the completion of the sale, the executive vice president now owns 3,999 shares in the company, valued at approximately $225,983.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Poole sold 3,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $55.91, for a total transaction of $167,730.00. Following the transaction, the director now directly owns 11,670 shares in the company, valued at approximately $652,469.70. The disclosure for this sale can be found here. 13.51% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Stephens reiterated 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.

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.