Two Sigma Advisers LP Sells 52,700 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Two Sigma Advisers LP cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,600 shares of the basic materials company’s stock after selling 52,700 shares during the period. Two Sigma Advisers LP owned approximately 0.22% of Cal-Maine Foods worth $11,074,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CALM. State of Wyoming raised its position in shares of Cal-Maine Foods by 45.3% during the fourth quarter. State of Wyoming now owns 4,869 shares of the basic materials company’s stock valued at $501,000 after buying an additional 1,519 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Cal-Maine Foods by 199.4% during the fourth quarter. Royal Bank of Canada now owns 134,692 shares of the basic materials company’s stock valued at $13,863,000 after purchasing an additional 89,698 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Cal-Maine Foods during the fourth quarter valued at approximately $4,256,000. Point72 Hong Kong Ltd bought a new stake in shares of Cal-Maine Foods during the fourth quarter valued at approximately $1,275,000. Finally, ProShare Advisors LLC grew its stake in shares of Cal-Maine Foods by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 12,350 shares of the basic materials company’s stock valued at $1,271,000 after purchasing an additional 3,801 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CALM shares. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 23rd. BMO Capital Markets raised shares of Cal-Maine Foods to a “hold” rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th.

Read Our Latest Research Report on CALM

Insider Transactions at Cal-Maine Foods

In related news, insider Adolphus B. Baker sold 140,266 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total transaction of $12,708,099.60. Following the completion of the transaction, the insider now directly owns 1,319,034 shares in the company, valued at $119,504,480.40. This represents a 9.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Stock Performance

Shares of CALM stock opened at $95.01 on Friday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 7.39 and a beta of 0.18. The company has a 50-day simple moving average of $93.37 and a 200 day simple moving average of $97.48. Cal-Maine Foods, Inc. has a 52 week low of $57.43 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last announced its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping 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%. Cal-Maine Foods’s revenue was up 101.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.00 EPS. Sell-side analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

About Cal-Maine Foods

(Free Report)

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.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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