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

Jupiter Asset Management Ltd. lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,610 shares of the basic materials company’s stock after selling 10,410 shares during the period. Jupiter Asset Management Ltd.’s holdings in Cal-Maine Foods were worth $11,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $239,000. HighTower Advisors LLC increased its holdings in shares of Cal-Maine Foods by 17.1% during the 4th quarter. HighTower Advisors LLC now owns 11,369 shares of the basic materials company’s stock worth $1,170,000 after buying an additional 1,661 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Cal-Maine Foods during the 4th quarter worth approximately $1,212,000. Avantax Planning Partners Inc. acquired a new stake in Cal-Maine Foods in the 4th quarter valued at approximately $254,000. Finally, King Luther Capital Management Corp increased its holdings in Cal-Maine Foods by 0.7% in the 4th quarter. King Luther Capital Management Corp now owns 58,566 shares of the basic materials company’s stock valued at $6,028,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Ratings Changes

CALM has been the subject of several research reports. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens reiterated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of Cal-Maine Foods stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the sale, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Down 1.3 %

Shares of CALM stock opened at $86.46 on Thursday. Cal-Maine Foods, Inc. has a 52 week low of $55.00 and a 52 week high of $116.41. The stock has a market capitalization of $4.24 billion, a PE ratio of 6.73 and a beta of -0.12. The firm has a 50 day moving average of $101.43 and a two-hundred day moving average of $92.83.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. During the same quarter last year, the company posted $0.35 EPS. The firm’s revenue was up 82.5% compared to the same quarter last year. Analysts expect that Cal-Maine Foods, Inc. will post 15.59 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.