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

Cerity Partners LLC trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 79.9% during the fourth quarter, HoldingsChannel reports. The fund owned 35,129 shares of the basic materials company’s stock after selling 139,521 shares during the quarter. Cerity Partners LLC’s holdings in Cal-Maine Foods were worth $2,016,000 as of its most recent filing with the Securities & Exchange Commission.

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

Cal-Maine Foods Trading Up 1.5 %

CALM stock opened at $60.09 on Friday. The company’s 50-day moving average price is $59.08 and its 200 day moving average price is $54.06. Cal-Maine Foods, Inc. has a 52 week low of $42.25 and a 52 week high of $64.76. The company has a market cap of $2.95 billion, a P/E ratio of 10.65 and a beta of -0.06.

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

Insiders Place Their Bets

In other news, EVP Charles Jeff Hardin sold 750 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total value of $42,382.50. Following the completion of the transaction, the executive vice president now owns 3,999 shares in the company, valued at $225,983.49. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Letitia Callender Hughes sold 1,020 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 43,570 shares of the company’s stock, valued at approximately $2,471,726.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president now owns 3,999 shares in the company, valued at approximately $225,983.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,228 shares of company stock worth $520,122. 13.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.