Diversified Investment Strategies LLC reduced its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,820 shares of the basic materials company's stock after selling 9,225 shares during the period. Cal-Maine Foods comprises approximately 8.5% of Diversified Investment Strategies LLC's holdings, making the stock its 3rd biggest position. Diversified Investment Strategies LLC owned 0.26% of Cal-Maine Foods worth $13,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at approximately $29,000. Hexagon Capital Partners LLC lifted its position in shares of Cal-Maine Foods by 57.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company's stock worth $32,000 after buying an additional 155 shares during the last quarter. Krane Funds Advisors LLC bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth about $33,000. Quarry LP boosted its holdings in shares of Cal-Maine Foods by 1,975.0% in the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company's stock valued at $36,000 after buying an additional 553 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock valued at $82,000 after buying an additional 425 shares during the last quarter. Institutional investors own 84.67% of the company's stock.
Cal-Maine Foods Trading Down 6.8 %
NASDAQ:CALM traded down $7.90 during mid-day trading on Friday, hitting $107.90. The stock had a trading volume of 1,947,359 shares, compared to its average volume of 702,376. The company has a 50 day simple moving average of $105.00 and a 200-day simple moving average of $87.79. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 8.40 and a beta of -0.11. Cal-Maine Foods, Inc. has a 52 week low of $54.53 and a 52 week high of $116.41.
Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The business had revenue of $954.70 million for the quarter, compared to analysts' expectations of $751.50 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company's revenue was up 82.5% on a year-over-year basis. As a group, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.
Analyst Ratings Changes
Separately, StockNews.com upgraded Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.
Read Our Latest Stock Analysis on Cal-Maine Foods
Insiders Place Their Bets
In other news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was 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 directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 13.45% of the stock is currently owned by company insiders.
Cal-Maine Foods Profile
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Free Report)
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.
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