Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Barclays PLC

Barclays PLC decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 22.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,809 shares of the basic materials company's stock after selling 22,749 shares during the quarter. Barclays PLC owned about 0.16% of Cal-Maine Foods worth $8,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of 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 purchasing an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the 4th quarter worth approximately $134,000. GAMMA Investing LLC boosted its holdings in Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock worth $141,000 after acquiring an additional 267 shares during the period. Nisa Investment Advisors LLC grew its position in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 1,118 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Cal-Maine Foods by 59.8% during the fourth 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. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of NASDAQ:CALM traded up $2.13 during midday trading on Friday, reaching $94.81. The company had a trading volume of 775,260 shares, compared to its average volume of 724,011. The stock has a market capitalization of $4.65 billion, a P/E ratio of 7.38 and a beta of 0.11. The stock's fifty day moving average price is $90.69 and its 200-day moving average price is $96.92. Cal-Maine Foods, Inc. has a one year low of $55.15 and a one year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping the consensus estimate of $5.79 by $4.59. The company had revenue of $1.42 billion during 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 company's revenue was up 101.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.00 EPS. As a group, sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CALM has been the topic of several analyst reports. Stephens reaffirmed an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research note on Wednesday. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Thursday.

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.