Kestra Investment Management LLC Sells 4,770 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kestra Investment Management LLC trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,959 shares of the basic materials company's stock after selling 4,770 shares during the quarter. Kestra Investment Management LLC owned 0.06% of Cal-Maine Foods worth $3,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CALM. Creative Planning boosted its position in shares of Cal-Maine Foods by 34.7% during the third quarter. Creative Planning now owns 10,249 shares of the basic materials company's stock worth $767,000 after purchasing an additional 2,641 shares in the last quarter. Blue Trust Inc. lifted its position in Cal-Maine Foods by 65.4% in the 3rd quarter. Blue Trust Inc. now owns 5,427 shares of the basic materials company's stock valued at $406,000 after acquiring an additional 2,145 shares in the last quarter. Vest Financial LLC lifted its position in Cal-Maine Foods by 5.6% in the 3rd quarter. Vest Financial LLC now owns 20,104 shares of the basic materials company's stock valued at $1,505,000 after acquiring an additional 1,069 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Cal-Maine Foods in the 3rd quarter valued at $438,000. Finally, International Assets Investment Management LLC bought a new stake in Cal-Maine Foods in the 3rd quarter valued at $58,810,000. 84.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

Cal-Maine Foods Trading Up 0.9 %

Shares of Cal-Maine Foods stock traded up $0.85 during trading on Friday, hitting $90.96. 950,010 shares of the stock were exchanged, compared to its average volume of 937,186. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 7.08 and a beta of -0.12. The company has a fifty day moving average price of $105.58 and a 200-day moving average price of $91.14. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.42. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods's quarterly revenue was up 82.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction that occurred 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 owns 42,761 shares of the company's stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.45% of the stock is currently owned by insiders.

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.