Bridgewater Associates LP Lowers Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bridgewater Associates LP lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 72.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,706 shares of the basic materials company's stock after selling 19,892 shares during the quarter. Bridgewater Associates LP's holdings in Cal-Maine Foods were worth $793,000 at the end of the most recent quarter.

Other hedge funds have also recently 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 valued at $105,000 after buying an additional 797 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter worth about $134,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 267 shares in the last quarter. Nisa Investment Advisors LLC increased its stake 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 in the last quarter. Finally, KBC Group NV lifted its stake in shares of Cal-Maine Foods by 59.8% in the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock worth $173,000 after buying an additional 629 shares in the last quarter. Institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Trading Down 0.6 %

NASDAQ:CALM traded down $0.56 during trading hours on Thursday, reaching $92.74. The company had a trading volume of 624,178 shares, compared to its average volume of 722,041. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 7.22 and a beta of 0.11. The firm's 50 day moving average price is $90.66 and its 200-day moving average price is $96.78. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same quarter in the previous year, the company posted $3.00 earnings per share. Cal-Maine Foods's revenue was up 101.6% compared to the same quarter last year. On average, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CALM. Stephens reiterated an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Wednesday. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Thursday.

Insider Buying and Selling

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the transaction, the insider now directly owns 1,319,034 shares in the company, valued at approximately $119,504,480.40. This trade represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.45% of the stock is currently owned by insiders.

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.