Cresset Asset Management LLC Cuts Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Cresset Asset Management LLC lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,414 shares of the basic materials company’s stock after selling 639 shares during the quarter. Cresset Asset Management LLC owned 0.06% of Cal-Maine Foods worth $2,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CALM. Vanguard Group Inc. lifted its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock valued at $504,885,000 after purchasing an additional 118,162 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after acquiring an additional 143,189 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cal-Maine Foods by 11.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock worth $102,801,000 after acquiring an additional 104,512 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Cal-Maine Foods by 60.2% during the 4th quarter. Northern Trust Corp now owns 674,335 shares of the basic materials company’s stock worth $69,403,000 after purchasing an additional 253,310 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Cal-Maine Foods by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock worth $66,294,000 after purchasing an additional 22,939 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 0.6 %

Shares of NASDAQ CALM opened at $91.26 on Friday. Cal-Maine Foods, Inc. has a twelve month low of $57.13 and a twelve month high of $116.41. The business has a fifty day simple moving average of $91.53 and a two-hundred day simple moving average of $97.04. The firm has a market cap of $4.48 billion, a PE ratio of 7.10 and a beta of 0.18.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm’s revenue for the quarter was up 101.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 earnings per share. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CALM. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets raised shares of Cal-Maine Foods to a “hold” rating in a research note on Tuesday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd.

Insider Activity

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the company’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the completion of the sale, the insider now owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.45% of the company’s stock.

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.