Shariaportfolio Inc. Sells 20,503 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Shariaportfolio Inc. lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 46.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,848 shares of the basic materials company’s stock after selling 20,503 shares during the period. Cal-Maine Foods accounts for 1.2% of Shariaportfolio Inc.’s holdings, making the stock its 11th biggest position. Shariaportfolio Inc.’s holdings in Cal-Maine Foods were worth $2,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CALM. Creative Planning raised its stake in shares of Cal-Maine Foods by 34.7% during the 3rd quarter. Creative Planning now owns 10,249 shares of the basic materials company’s stock worth $767,000 after purchasing an additional 2,641 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Cal-Maine Foods in the 3rd quarter valued at $58,810,000. Hennion & Walsh Asset Management Inc. raised its stake in Cal-Maine Foods by 68.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 15,919 shares of the basic materials company’s stock valued at $1,191,000 after acquiring an additional 6,460 shares during the period. GW Henssler & Associates Ltd. bought a new stake in Cal-Maine Foods in the 3rd quarter valued at $202,000. Finally, New York State Teachers Retirement System raised its stake in Cal-Maine Foods by 5.9% in the 3rd quarter. New York State Teachers Retirement System now owns 51,220 shares of the basic materials company’s stock valued at $3,833,000 after acquiring an additional 2,860 shares during the period. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 0.9 %

CALM opened at $90.96 on Monday. Cal-Maine Foods, Inc. has a 1-year low of $54.88 and a 1-year high of $116.41. The stock’s fifty day simple moving average is $105.58 and its 200 day simple moving average is $91.45. The stock has a market cap of $4.46 billion, a PE ratio of 7.08 and a beta of -0.12.

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

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was 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 represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 13.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.