Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,959 shares of the basic materials company’s stock after selling 4,770 shares during the period. Kestra Investment Management LLC owned about 0.06% of Cal-Maine Foods worth $3,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CALM. Harbor Capital Advisors Inc. purchased a new stake in Cal-Maine Foods during the 3rd quarter worth approximately $29,000. Quarry LP increased its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 189 shares in the last quarter. GAMMA Investing LLC raised its stake in Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 267 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Cal-Maine Foods by 350.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 1,118 shares in the last quarter. Finally, KBC Group NV boosted its stake in Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 629 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.45% of the stock is owned by insiders.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $95.10 on Tuesday. The business’s 50 day moving average price is $106.78 and its 200 day moving average price is $90.85. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 7.40 and a beta of -0.12. Cal-Maine Foods, Inc. has a one year low of $54.88 and a one year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, topping the consensus estimate 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 business had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. On average, analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Cal-Maine Foods 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.