Dean Investment Associates LLC Trims Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dean Investment Associates LLC lessened its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 30.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,504 shares of the basic materials company's stock after selling 13,339 shares during the quarter. Dean Investment Associates LLC owned approximately 0.06% of Cal-Maine Foods worth $2,283,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Cal-Maine Foods by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company's stock valued at $159,863,000 after acquiring an additional 114,995 shares during the period. Renaissance Technologies LLC boosted its position in Cal-Maine Foods by 5.5% during the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company's stock worth $129,286,000 after purchasing an additional 110,900 shares in the last quarter. State Street Corp boosted its position in Cal-Maine Foods by 3.0% during the third quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock worth $120,447,000 after purchasing an additional 46,187 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after purchasing an additional 64,489 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Cal-Maine Foods by 8.9% in the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company's stock valued at $61,948,000 after buying an additional 82,772 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Wall Street Analyst Weigh In

CALM has been the topic of several recent analyst reports. Stephens began coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an "equal weight" rating and a $82.00 price objective on the stock. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday, November 23rd.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM traded up $2.57 during mid-day trading on Monday, reaching $101.79. The company's stock had a trading volume of 579,002 shares, compared to its average volume of 591,545. The stock has a market capitalization of $4.99 billion, a P/E ratio of 11.66 and a beta of -0.10. Cal-Maine Foods, Inc. has a 1-year low of $48.22 and a 1-year high of $102.00. The stock has a 50-day moving average of $91.45 and a two-hundred day moving average of $75.24.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The company had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The company's revenue for the quarter was up 71.1% on a year-over-year basis. Analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

About Cal-Maine Foods

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.