Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,006 shares of the basic materials company’s stock after selling 2,727 shares during the quarter. Assetmark Inc. owned 0.15% of Cal-Maine Foods worth $7,720,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in Cal-Maine Foods by 52.5% during the 4th quarter. Victory Capital Management Inc. now owns 196,874 shares of the basic materials company’s stock valued at $20,262,000 after acquiring an additional 67,807 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Cal-Maine Foods by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock worth $66,294,000 after purchasing an additional 22,939 shares in the last quarter. LGT Fund Management Co Ltd. purchased a new position in shares of Cal-Maine Foods in the fourth quarter valued at approximately $3,015,000. Smartleaf Asset Management LLC grew its holdings in shares of Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 797 shares in the last quarter. Finally, Keynote Financial Services LLC acquired a new position in shares of Cal-Maine Foods in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insiders Place Their Bets

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 transaction of $88,965.73. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Stock Up 5.5 %

Shares of NASDAQ:CALM opened at $87.18 on Friday. Cal-Maine Foods, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $116.41. The firm’s 50 day moving average price is $102.63 and its 200 day moving average price is $92.25. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 6.78 and a beta of -0.12.

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

Analyst Upgrades and Downgrades

CALM has been the subject of several recent research reports. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Stephens reissued an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday.

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.