LPL Financial LLC Lowers Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

LPL Financial LLC lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 29,926 shares of the basic materials company’s stock after selling 1,436 shares during the quarter. LPL Financial LLC’s holdings in Cal-Maine Foods were worth $3,080,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after buying an additional 46,187 shares in the last quarter. American Century Companies Inc. lifted its stake in Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock worth $130,361,000 after acquiring an additional 143,189 shares during the period. Geode Capital Management LLC grew its holdings in Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after acquiring an additional 10,984 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Cal-Maine Foods by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock valued at $66,294,000 after purchasing an additional 22,939 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cal-Maine Foods by 17.3% in the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company’s stock valued at $53,272,000 after purchasing an additional 76,387 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm’s 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $98.99 on Friday. The stock has a 50-day simple moving average of $92.86 and a two-hundred day simple moving average of $96.01. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The firm has a market capitalization of $4.85 billion, a P/E ratio of 7.70 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share 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 company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $953.76 million. During the same period in the prior year, the business posted $3.00 earnings per share. The firm’s revenue for the quarter was up 101.6% on a year-over-year basis. As a group, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CALM shares. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Thursday. Stephens reiterated an “equal weight” rating and set a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

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.