Bridgewater Associates LP Lowers Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Bridgewater Associates LP decreased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 72.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,706 shares of the basic materials company’s stock after selling 19,892 shares during the period. Bridgewater Associates LP’s holdings in Cal-Maine Foods were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in Cal-Maine Foods by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 15,049 shares of the basic materials company’s stock worth $1,126,000 after acquiring an additional 188 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Cal-Maine Foods by 9.6% in the third quarter. MML Investors Services LLC now owns 4,464 shares of the basic materials company’s stock worth $334,000 after purchasing an additional 392 shares during the period. Barclays PLC increased its stake in shares of Cal-Maine Foods by 48.3% in the third quarter. Barclays PLC now owns 103,558 shares of the basic materials company’s stock worth $7,749,000 after purchasing an additional 33,731 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock valued at $74,000,000 after purchasing an additional 10,984 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in shares of Cal-Maine Foods by 7.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,935 shares of the basic materials company’s stock valued at $519,000 after buying an additional 467 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Adolphus B. Baker sold 140,266 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 1,319,034 shares of the company’s stock, valued at $119,504,480.40. This represents a 9.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CALM has been the topic of a number of recent analyst reports. StockNews.com cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Thursday, April 10th. Stephens reiterated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM opened at $91.49 on Friday. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 7.12 and a beta of 0.11. The firm has a fifty day moving average price of $91.33 and a 200 day moving average price of $96.67. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41.

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

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.