Corient Private Wealth LLC Trims Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Corient Private Wealth LLC cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 830,201 shares of the basic materials company’s stock after selling 10,679 shares during the period. Corient Private Wealth LLC owned approximately 1.69% of Cal-Maine Foods worth $85,444,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in shares of Cal-Maine Foods by 2.5% in the fourth quarter. Savant Capital LLC now owns 3,798 shares of the basic materials company’s stock valued at $391,000 after purchasing an additional 92 shares during the period. Martingale Asset Management L P lifted its holdings in shares of Cal-Maine Foods by 0.4% in the 3rd quarter. Martingale Asset Management L P now owns 39,321 shares of the basic materials company’s stock worth $2,943,000 after buying an additional 145 shares during the period. US Bancorp DE grew its position in shares of Cal-Maine Foods by 2.4% during the 4th quarter. US Bancorp DE now owns 6,710 shares of the basic materials company’s stock worth $691,000 after buying an additional 156 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Cal-Maine Foods by 1.3% during the third quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock valued at $1,126,000 after buying an additional 188 shares during the period. Finally, Quarry LP raised its holdings in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 189 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CALM has been the topic of several recent research reports. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Stephens reissued an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $83.03 on Monday. The company has a market capitalization of $4.07 billion, a PE ratio of 6.46 and a beta of -0.12. The company has a 50-day simple moving average of $100.44 and a two-hundred day simple moving average of $93.13. Cal-Maine Foods, Inc. has a one year low of $55.00 and a one year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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. The firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. Cal-Maine Foods’s revenue was up 82.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total transaction of $88,965.73. Following the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. The trade was a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.45% of the company’s stock.

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.