Empowered Funds LLC Has $6.23 Million Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Empowered Funds LLC decreased its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,513 shares of the basic materials company's stock after selling 15,719 shares during the quarter. Empowered Funds LLC owned about 0.12% of Cal-Maine Foods worth $6,228,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in Cal-Maine Foods in the third quarter worth about $29,000. Krane Funds Advisors LLC acquired a new stake in Cal-Maine Foods in the third quarter worth about $33,000. Quarry LP lifted its holdings in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock worth $58,000 after purchasing an additional 189 shares during the period. GAMMA Investing LLC lifted its holdings in Cal-Maine Foods by 62.9% in the third quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company's stock worth $82,000 after purchasing an additional 425 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company's stock worth $148,000 after purchasing an additional 1,118 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.45% of the company's stock.

Cal-Maine Foods Stock Down 12.4 %

Cal-Maine Foods stock traded down $13.50 during midday trading on Friday, hitting $95.10. The company's stock had a trading volume of 2,079,912 shares, compared to its average volume of 881,238. The stock's 50-day moving average price is $106.92 and its 200-day moving average price is $90.42. Cal-Maine Foods, Inc. has a 12 month low of $54.88 and a 12 month high of $116.41. The company has a market capitalization of $4.66 billion, a PE ratio of 7.40 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.35 EPS. As a group, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current 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.