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

Invesco Ltd. decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 502,879 shares of the basic materials company's stock after selling 41,189 shares during the period. Invesco Ltd. owned 1.03% of Cal-Maine Foods worth $51,756,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Savant Capital LLC boosted its holdings in Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock worth $391,000 after purchasing an additional 92 shares during the last quarter. US Bancorp DE boosted its position in Cal-Maine Foods by 2.4% in the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after purchasing an additional 156 shares during the last quarter. Stifel Financial Corp increased its position in shares of Cal-Maine Foods by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock valued at $1,126,000 after purchasing an additional 188 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company's stock worth $1,064,000 after purchasing an additional 255 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after buying an additional 267 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the transaction, the insider now directly owns 1,319,034 shares of the company's stock, valued at approximately $119,504,480.40. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Down 0.1 %

Shares of CALM stock traded down $0.09 on Monday, hitting $91.40. The stock had a trading volume of 118,063 shares, compared to its average volume of 713,063. The company has a market cap of $4.48 billion, a PE ratio of 7.12 and a beta of 0.11. The business has a 50 day moving average price of $91.33 and a 200 day moving average price of $96.79. 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 quarterly earnings results 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 firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. During the same period in the previous year, the company posted $3.00 EPS. The business's revenue for the quarter was up 101.6% compared to the same quarter last year. Equities research analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CALM. Stephens reaffirmed an "equal weight" rating and set a $97.00 price objective on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com downgraded Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday, April 10th.

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.