Wedge Capital Management L L P NC Lowers Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wedge Capital Management L L P NC decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,244 shares of the basic materials company’s stock after selling 14,074 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Cal-Maine Foods were worth $5,236,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CALM. Park Place Capital Corp purchased a new stake in shares of Cal-Maine Foods during the 4th quarter valued at $26,000. Exchange Traded Concepts LLC bought a new stake in Cal-Maine Foods during the third quarter worth about $29,000. Byrne Asset Management LLC purchased a new position in shares of Cal-Maine Foods in the 3rd quarter worth about $29,000. Signaturefd LLC increased its position in shares of Cal-Maine Foods by 44.2% during the 3rd quarter. Signaturefd LLC now owns 760 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 233 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Cal-Maine Foods by 460.3% during the 4th quarter. Blue Trust Inc. now owns 1,087 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 893 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Down 0.0 %

Shares of NASDAQ CALM opened at $59.68 on Wednesday. The firm’s fifty day moving average is $59.24 and its 200 day moving average is $54.38. Cal-Maine Foods, Inc. has a 52 week low of $42.25 and a 52 week high of $64.76. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 10.58 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. The firm had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The business’s quarterly revenue was down 29.5% compared to the same quarter last year. During the same period last year, the company earned $6.62 EPS. Equities research analysts anticipate that Cal-Maine Foods, Inc. will post 4.63 earnings per share for the current year.

Analyst Ratings Changes

Separately, Stephens reiterated an “equal weight” rating and set a $65.00 price target on shares of Cal-Maine Foods in a research report on Wednesday, April 3rd.

Insider Buying and Selling

In other news, EVP Charles Jeff Hardin sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $56.51, for a total value of $42,382.50. Following the sale, the executive vice president now directly owns 3,999 shares of the company’s stock, valued at approximately $225,983.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Charles Jeff Hardin sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $56.51, for a total value of $42,382.50. Following the transaction, the executive vice president now owns 3,999 shares in the company, valued at $225,983.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Poole sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the sale, the director now owns 11,670 shares in the company, valued at approximately $652,469.70. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $520,122 over the last three months. Corporate insiders own 13.51% 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.