Swiss National Bank Reduces Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

The Swiss National Bank reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 82,800 shares of the materials company after selling 9,400 shares during the quarter. The Swiss National Bank's holdings in Cal-Maine Foods amounted to $4,752,000 at the end of the last reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp acquired a new position in shares of Cal-Maine Foods during the 4th quarter valued at $26,000. Signaturefd LLC increased its stake in Cal-Maine Foods by 44.2% in the third quarter. Signaturefd LLC now owns 760 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 233 shares in the last quarter. Blue Trust Inc. increased its position in shares of Cal-Maine Foods by 460.3% in the 4th quarter. Blue Trust Inc. now owns 1,087 shares of the basic materials company's stock valued at $62,000 after purchasing an additional 893 shares during the period. NBC Securities Inc. acquired a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at approximately $67,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Cal-Maine Foods during the 4th quarter valued at approximately $110,000. Institutional investors and hedge funds own 84.67% of the company's shares.

Insider activity

In related news, EVP Charles Jeff Hardin sold 750 shares of Cal-Maine Foods stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total transaction of $42,382.50. Following the completion of the sale, the executive vice president now owns 3,999 shares of the company's stock, valued at approximately $225,983.49. The transaction was disclosed in a document filed with the SEC, which is available on the SEC website. Company insiders own 13.51% of the company's shares.

Changes in Analyst Ratings

Separately, Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 3.

Check out our latest stock analysis for Cal-Maine Foods

Cal-Maine Foods is down 0.2%

NASDAQ:CALM opened at $58.18 on Friday. The company has a market cap of $2.85 billion, a P/E ratio of 10.32 and a beta of -0.02. The company has a 50 day moving average price of $59.29 and a two hundred day moving average price of $55.71. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $64.76.

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last released its quarterly earnings results on Tuesday, April 2nd. The materials company reported $3.00 earnings per share for the quarter, topping analysts' consensus estimates of $2.45 by $0.55. The company had revenue of $703.08 million for the quarter, compared to analysts' expectations of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The company's revenue fell 29.5% year-over-year. During the same period last year, the company had earnings per share of $6.62. On average, equities analysts forecast that Cal-Maine Foods, Inc. will post earnings per share of 4.63 for the current year.

Cal-Maine Foods Company Profile

(Free Report)

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets and distributes shell eggs. The company offers specialty shell eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow and 4Grain brands, including nutrient-dense, cage-free, organic, free-range, pastured and brown egg brand names.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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