Corebridge Financial Inc. Sells 1,703 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Corebridge Financial Inc. decreased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 7.2% during the 4th quarter, HoldingsChannel reports. The fund owned 21,821 shares of the basic materials company’s stock after selling 1,703 shares during the quarter. Corebridge Financial Inc.’s holdings in Cal-Maine Foods were worth $2,246,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Savant Capital LLC lifted its position in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock worth $391,000 after purchasing an additional 92 shares in the last quarter. US Bancorp DE boosted its stake in shares of Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after buying an additional 156 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Cal-Maine Foods by 1.3% in the 3rd 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 increased its position 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 acquiring an additional 189 shares during the last quarter. Finally, GAMMA Investing LLC raised 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 worth $141,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

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 transaction of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CALM has been the subject of a number of analyst reports. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. Stephens restated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Cal-Maine Foods Price Performance

Shares of CALM opened at $91.40 on Wednesday. The company’s 50-day moving average is $96.24 and its 200-day moving average is $94.91. The firm has a market capitalization of $4.48 billion, a PE ratio of 7.11 and a beta of -0.12. Cal-Maine Foods, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same period last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal 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.