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

Renaissance Technologies LLC lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,134,974 shares of the basic materials company's stock after selling 56,050 shares during the period. Renaissance Technologies LLC owned approximately 4.35% of Cal-Maine Foods worth $219,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC increased its stake in Cal-Maine Foods by 2.5% in the 4th quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company's stock worth $391,000 after buying an additional 92 shares during the period. US Bancorp DE increased its position in shares of Cal-Maine Foods by 2.4% during the fourth quarter. US Bancorp DE now owns 6,710 shares of the basic materials company's stock worth $691,000 after acquiring an additional 156 shares during the period. Stifel Financial Corp raised its stake in shares of Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company's stock valued at $1,126,000 after acquiring an additional 188 shares in the last quarter. Quarry LP boosted its holdings in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 189 shares during the period. Finally, Bank of Montreal Can grew its stake in Cal-Maine Foods by 2.5% in the fourth quarter. Bank of Montreal Can now owns 10,338 shares of the basic materials company's stock worth $1,064,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

Remove Ads

Cal-Maine Foods Trading Up 4.6 %

Shares of NASDAQ:CALM traded up $4.31 on Friday, reaching $98.99. The company had a trading volume of 1,275,132 shares, compared to its average volume of 699,225. The firm has a market capitalization of $4.85 billion, a PE ratio of 7.70 and a beta of 0.11. The firm's 50 day simple moving average is $92.86 and its 200-day simple moving average is $96.17. Cal-Maine Foods, Inc. has a 52-week low of $55.15 and a 52-week high of $116.41.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on CALM shares. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Thursday. Stephens reissued an "equal weight" rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Insider Transactions at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 13.45% of the company's stock.

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.