First Trust Advisors LP Has $140.96 Million Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

First Trust Advisors LP cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,369,575 shares of the basic materials company's stock after selling 302,205 shares during the period. First Trust Advisors LP owned approximately 2.79% of Cal-Maine Foods worth $140,957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CALM. JPMorgan Chase & Co. boosted its holdings in shares of Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock worth $25,457,000 after buying an additional 159,787 shares during the period. American Century Companies Inc. grew its position 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 purchasing an additional 143,189 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after purchasing an additional 118,162 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Cal-Maine Foods by 11.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company's stock worth $102,801,000 after purchasing an additional 104,512 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock worth $53,272,000 after purchasing an additional 76,387 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Down 0.7 %

Cal-Maine Foods stock traded down $0.62 during trading hours on Thursday, hitting $92.68. The stock had a trading volume of 844,588 shares, compared to its average volume of 1,076,562. The company has a market cap of $4.54 billion, a PE ratio of 7.21 and a beta of 0.11. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The company has a 50-day moving average of $90.66 and a two-hundred day moving average of $96.78.

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

Analyst Ratings Changes

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

Insider Activity at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm'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 completion of the sale, the insider now directly owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Company 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.