close
close

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.

Read more

Want to see what other hedge funds are holding CALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report).

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



Get daily news and reviews for Cal-Maine Foods – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Cal-Maine Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Anna Harden

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *