Cal-Maine Foods, Inc. (NASDAQ:CALM) Stake Lessened by Ballew Advisors Inc

Ballew Advisors Inc decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 35.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,811 shares of the basic materials company’s stock after selling 2,117 shares during the quarter. Ballew Advisors Inc’s holdings in Cal-Maine Foods were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Cal-Maine Foods by 17.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 129,833 shares of the basic materials company’s stock valued at $7,934,000 after acquiring an additional 18,934 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Cal-Maine Foods by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock valued at $159,863,000 after purchasing an additional 114,995 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Cal-Maine Foods by 5.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,129 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 287 shares in the last quarter. Seven Eight Capital LP increased its stake in Cal-Maine Foods by 26.3% in the 2nd quarter. Seven Eight Capital LP now owns 8,758 shares of the basic materials company’s stock valued at $535,000 after buying an additional 1,822 shares during the period. Finally, XTX Topco Ltd lifted its position in Cal-Maine Foods by 84.0% in the 2nd quarter. XTX Topco Ltd now owns 10,638 shares of the basic materials company’s stock worth $650,000 after buying an additional 4,856 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Letitia Callender Hughes sold 809 shares of the firm’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 completion of the transaction, the director now directly owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM opened at $113.63 on Friday. The stock’s 50-day moving average is $101.36 and its 200-day moving average is $84.40. The company has a market cap of $5.57 billion, a P/E ratio of 8.84 and a beta of -0.11. Cal-Maine Foods, Inc. has a 52-week low of $53.38 and a 52-week high of $114.40.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (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 quarter last year, the firm posted $0.35 EPS. The company’s revenue was up 82.5% on a year-over-year basis. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 EPS for the current year.

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.