Corient Private Wealth LLC Has $85.44 Million Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Corient Private Wealth LLC lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 830,201 shares of the basic materials company's stock after selling 10,679 shares during the period. Corient Private Wealth LLC owned about 1.69% of Cal-Maine Foods worth $85,444,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised its holdings in Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings 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 worth $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods during the fourth quarter worth about $134,000. GAMMA Investing LLC raised 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 worth $141,000 after acquiring an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Cal-Maine Foods by 350.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors own 84.67% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CALM shares. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. Stephens restated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Insider Activity

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 stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Trading Down 0.7 %

NASDAQ:CALM traded down $0.67 on Thursday, hitting $88.72. The company's stock had a trading volume of 878,177 shares, compared to its average volume of 649,490. The stock has a fifty day moving average of $99.56 and a two-hundred day moving average of $93.35. The firm has a market capitalization of $4.35 billion, a P/E ratio of 6.90 and a beta of -0.12. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41.

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

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.