Bridgewater Associates LP Sells 26,720 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bridgewater Associates LP cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 49.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,598 shares of the basic materials company’s stock after selling 26,720 shares during the quarter. Bridgewater Associates LP owned 0.06% of Cal-Maine Foods worth $2,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Cal-Maine Foods by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after purchasing an additional 114,995 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Cal-Maine Foods by 5.5% during the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock worth $129,286,000 after buying an additional 110,900 shares in the last quarter. American Century Companies Inc. increased its holdings in Cal-Maine Foods by 8.9% in the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock valued at $61,948,000 after buying an additional 82,772 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Cal-Maine Foods in the 3rd quarter valued at $58,810,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Cal-Maine Foods by 4.3% during the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock worth $116,876,000 after acquiring an additional 64,489 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Trading Up 0.5 %

NASDAQ CALM opened at $97.61 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $47.06 and a 1-year high of $99.63. The company has a 50 day moving average of $88.51 and a 200-day moving average of $73.37. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 11.18 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). The business had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The company’s revenue for the quarter was up 71.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.02 earnings per share. On average, analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

CALM has been the subject of several recent research reports. Stephens initiated coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, November 23rd.

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.