Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,541 shares of the basic materials company's stock after selling 13,957 shares during the period. Guggenheim Capital LLC's holdings in Cal-Maine Foods were worth $879,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of 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 valued at $105,000 after buying an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Cal-Maine Foods in the fourth quarter valued at approximately $134,000. GAMMA Investing LLC raised its stake in shares of Cal-Maine Foods by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company's stock valued at $141,000 after purchasing an additional 267 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Cal-Maine Foods by 350.5% during 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 in the last quarter. Finally, KBC Group NV boosted its stake in shares of Cal-Maine Foods by 59.8% in 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 during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 2.3 %

Shares of Cal-Maine Foods stock traded up $2.13 on Friday, hitting $94.81. 775,260 shares of the company's stock traded hands, compared to its average volume of 724,011. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41. The stock has a market cap of $4.65 billion, a P/E ratio of 7.38 and a beta of 0.11. The firm's 50-day moving average is $90.69 and its 200 day moving average is $96.92.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm's revenue was up 101.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.00 EPS. Equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Wall Street Analysts Forecast Growth

CALM has been the topic of several analyst reports. Stephens reaffirmed an "equal weight" rating and set a $97.00 price target on shares of Cal-Maine Foods in a research note on Wednesday. StockNews.com raised Cal-Maine Foods from a "hold" rating to a "buy" rating in a research report on Thursday.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the 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 transaction, the insider now 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 13.45% of the company's stock.

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.