Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Trexquant Investment LP

Trexquant Investment LP cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,731 shares of the basic materials company's stock after selling 6,054 shares during the period. Trexquant Investment LP owned about 0.12% of Cal-Maine Foods worth $5,839,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CALM. FMR LLC lifted its holdings in Cal-Maine Foods by 716.8% during the 3rd quarter. FMR LLC now owns 29,226 shares of the basic materials company's stock worth $2,187,000 after buying an additional 25,648 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Cal-Maine Foods by 56.4% in the third quarter. BNP Paribas Financial Markets now owns 35,149 shares of the basic materials company's stock valued at $2,631,000 after purchasing an additional 12,673 shares during the period. Centiva Capital LP acquired a new position in Cal-Maine Foods during the 3rd quarter worth $491,000. Jacobs Levy Equity Management Inc. purchased a new stake in Cal-Maine Foods during the 3rd quarter worth about $1,471,000. Finally, Quarry LP boosted its stake in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company's stock valued at $58,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 84.67% of the company's stock.

Analyst Ratings Changes

CALM has been the subject of a number of recent research reports. Stephens reiterated an "equal weight" rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Thursday.

Cal-Maine Foods Trading Up 1.6 %

CALM stock traded up $1.52 on Thursday, hitting $94.10. The company's stock had a trading volume of 453,478 shares, compared to its average volume of 692,037. The firm has a 50 day moving average of $93.27 and a two-hundred day moving average of $95.69. Cal-Maine Foods, Inc. has a 1 year low of $55.15 and a 1 year high of $116.41. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 7.32 and a beta of 0.11.

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 earnings per share for the quarter, beating 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 analyst estimates of $953.76 million. During the same period last year, the firm posted $3.00 EPS. Cal-Maine Foods's quarterly revenue was up 101.6% on a year-over-year basis. As a group, equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $3.46 dividend. This represents a $13.84 dividend on an annualized basis and a yield of 14.71%. This is a positive change from Cal-Maine Foods's previous quarterly dividend of $1.49. Cal-Maine Foods's payout ratio is currently 46.30%.

Insiders Place Their Bets

In related news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction dated 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 sale, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods 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.