Martingale Asset Management L P Decreases Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Martingale Asset Management L P cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,046 shares of the basic materials company's stock after selling 7,275 shares during the period. Martingale Asset Management L P owned 0.07% of Cal-Maine Foods worth $3,298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company's stock worth $105,000 after purchasing an additional 797 shares during the period. Daiwa Securities Group Inc. bought a new stake in Cal-Maine Foods during the 4th quarter worth approximately $134,000. GAMMA Investing LLC lifted its holdings in 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 in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of 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. Finally, KBC Group NV increased 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 worth $173,000 after purchasing an additional 629 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently weighed in on CALM. Stephens reaffirmed an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com downgraded Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday, April 10th.

Cal-Maine Foods Stock Down 2.9 %

CALM stock traded down $2.86 during mid-day trading on Tuesday, hitting $95.89. The company had a trading volume of 207,082 shares, compared to its average volume of 698,662. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 7.46 and a beta of 0.11. The company has a 50-day moving average price of $92.70 and a 200 day moving average price of $96.33. Cal-Maine Foods, Inc. has a 12-month low of $55.15 and a 12-month high of $116.41.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last released its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm's revenue for the quarter was up 101.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 EPS. As a group, analysts expect 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.