Cal-Maine Foods, Inc. (NASDAQ:CALM) Stock Position Lowered by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 43.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,466 shares of the basic materials company’s stock after selling 31,563 shares during the period. Cal-Maine Foods makes up approximately 1.3% of Keating Investment Counselors Inc.’s holdings, making the stock its 20th biggest position. Keating Investment Counselors Inc. owned about 0.08% of Cal-Maine Foods worth $4,268,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods during the third quarter worth approximately $29,000. Quarry LP raised its stake in shares of Cal-Maine Foods by 32.5% in the 3rd quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 189 shares during the period. GAMMA Investing LLC boosted its position in Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 267 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Cal-Maine Foods by 350.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after buying an additional 1,118 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Cal-Maine Foods by 59.8% during the 4th quarter. KBC Group NV now owns 1,681 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 629 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Price Performance

Cal-Maine Foods stock opened at $95.10 on Tuesday. The stock’s 50 day moving average is $106.78 and its 200 day moving average is $90.85. Cal-Maine Foods, Inc. has a one year low of $54.88 and a one year high of $116.41. The firm has a market cap of $4.66 billion, a P/E ratio of 7.40 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (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%. The business’s revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other news, Director Letitia Callender Hughes sold 809 shares of the firm’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 transaction, the director now directly owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Company 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.