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

Aviva PLC lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,041 shares of the basic materials company's stock after selling 2,987 shares during the quarter. Aviva PLC's holdings in Cal-Maine Foods were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its position in Cal-Maine Foods by 339.1% during the 4th 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 in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter valued at approximately $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 raised its holdings 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 during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

CALM has been the subject of a number of research reports. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock traded down $3.16 during midday trading on Wednesday, hitting $93.39. 1,379,188 shares of the company were exchanged, compared to its average volume of 1,033,584. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The firm has a market capitalization of $4.58 billion, a PE ratio of 7.26 and a beta of 0.11. The business has a fifty day simple moving average of $92.45 and a two-hundred day simple moving average of $96.34.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates 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 for the quarter was up 101.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.00 earnings per share. As a group, equities analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

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.