Dean Investment Associates LLC Has $1.63 Million Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dean Investment Associates LLC reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 48.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,826 shares of the basic materials company's stock after selling 14,678 shares during the period. Dean Investment Associates LLC's holdings in Cal-Maine Foods were worth $1,629,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Cal-Maine Foods by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock worth $504,885,000 after purchasing an additional 118,162 shares during the period. American Century Companies Inc. grew its stake in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after buying an additional 143,189 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cal-Maine Foods by 11.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock valued at $102,801,000 after buying an additional 104,512 shares during the period. Geode Capital Management LLC lifted its position in Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock worth $74,000,000 after acquiring an additional 10,984 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cal-Maine Foods by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company's stock worth $66,294,000 after acquiring an additional 22,939 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Adolphus B. Baker sold 140,266 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM traded up $0.37 during midday trading on Wednesday, hitting $93.47. 289,708 shares of the company's stock were exchanged, compared to its average volume of 717,583. Cal-Maine Foods, Inc. has a twelve month low of $55.15 and a twelve month high of $116.41. The firm has a market cap of $4.58 billion, a P/E ratio of 7.27 and a beta of 0.11. The stock's 50 day moving average price is $90.70 and its 200-day moving average price is $96.80.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. During the same period last year, the firm earned $3.00 EPS. The firm's revenue for the quarter was up 101.6% on a year-over-year basis. On average, analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.