Cal-Maine Foods, Inc. (NASDAQ:CALM) Holdings Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,224,107 shares of the basic materials company’s stock after selling 57,093 shares during the quarter. Renaissance Technologies LLC owned 2.51% of Cal-Maine Foods worth $45,280,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CALM. Canvas Wealth Advisors LLC raised its holdings in shares of Cal-Maine Foods by 1.2% during the fourth quarter. Canvas Wealth Advisors LLC now owns 28,016 shares of the basic materials company’s stock valued at $1,036,000 after acquiring an additional 321 shares during the period. Eagle Bay Advisors LLC raised its stake in Cal-Maine Foods by 108.5% during the 3rd quarter. Eagle Bay Advisors LLC now owns 665 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Cal-Maine Foods by 4.5% in the third quarter. Advisor Group Holdings Inc. now owns 8,135 shares of the basic materials company’s stock valued at $294,000 after purchasing an additional 348 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Cal-Maine Foods by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 17,757 shares of the basic materials company’s stock worth $657,000 after buying an additional 715 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Cal-Maine Foods by 1.6% during the third quarter. California State Teachers Retirement System now owns 49,976 shares of the basic materials company’s stock valued at $1,807,000 after buying an additional 790 shares in the last quarter. 82.05% of the stock is owned by institutional investors and hedge funds.

In related news, VP Charles Jeff Hardin sold 3,675 shares of Cal-Maine Foods stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $58.55, for a total transaction of $215,171.25. Following the completion of the sale, the vice president now owns 4,810 shares of the company’s stock, valued at $281,625.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.50% of the stock is currently owned by company insiders.

CALM has been the topic of a number of research analyst reports. TheStreet upgraded Cal-Maine Foods from a “c+” rating to a “b” rating in a report on Tuesday, April 12th. Consumer Edge upgraded Cal-Maine Foods from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 30th. Zacks Investment Research upgraded Cal-Maine Foods from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a report on Wednesday, March 30th. Finally, StockNews.com initiated coverage on Cal-Maine Foods in a report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $49.00.

CALM opened at $46.12 on Friday. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 124.65 and a beta of -0.12. Cal-Maine Foods, Inc. has a 1 year low of $33.85 and a 1 year high of $59.95. The stock has a fifty day moving average price of $52.72 and a 200 day moving average price of $44.01.

Cal-Maine Foods (NASDAQ:CALM – Get Rating) last released its quarterly earnings data on Tuesday, March 29th. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $477.49 million during the quarter, compared to analysts’ expectations of $468.84 million. Cal-Maine Foods had a return on equity of 1.83% and a net margin of 1.19%. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, research analysts forecast that Cal-Maine Foods, Inc. will post 1.46 earnings per share for the current year.

The company also recently disclosed a Variable dividend, which was paid on Thursday, May 12th. Investors of record on Wednesday, April 27th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, April 26th. This represents a yield of 0.9%. Cal-Maine Foods’s payout ratio is 135.14%.

Cal-Maine Foods Company Profile (Get Rating)

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, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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