Dimensional Fund Advisors LP Sells 325,526 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dimensional Fund Advisors LP lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,313,478 shares of the basic materials company's stock after selling 325,526 shares during the quarter. Dimensional Fund Advisors LP owned about 4.72% of Cal-Maine Foods worth $238,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its stake in Cal-Maine Foods by 339.1% in 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 during the period. Daiwa Securities Group Inc. bought a new position in shares of Cal-Maine Foods in the fourth quarter worth about $134,000. GAMMA Investing LLC lifted its position in shares of Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after acquiring an additional 267 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 1,118 shares during the last quarter. Finally, KBC Group NV raised its stake in Cal-Maine Foods by 59.8% during the fourth quarter. KBC Group NV now owns 1,681 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 629 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CALM shares. StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a report on Thursday. Stephens reissued an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday.

Cal-Maine Foods Price Performance

NASDAQ:CALM traded up $2.13 on Friday, reaching $94.81. The stock had a trading volume of 775,260 shares, compared to its average volume of 723,164. Cal-Maine Foods, Inc. has a 12-month low of $55.15 and a 12-month high of $116.41. The firm's fifty day moving average is $90.62 and its two-hundred day moving average is $96.82. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 7.38 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $953.76 million. During the same period in the prior year, the company posted $3.00 EPS. Cal-Maine Foods's quarterly revenue was up 101.6% on a year-over-year basis. As a group, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the company'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 transaction of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.45% of the company's stock.

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.