Empowered Funds LLC Sells 15,719 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Empowered Funds LLC lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 20.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,513 shares of the basic materials company’s stock after selling 15,719 shares during the period. Empowered Funds LLC’s holdings in Cal-Maine Foods were worth $6,228,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Cal-Maine Foods by 3.0% during the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock valued at $120,447,000 after acquiring an additional 46,187 shares during the period. Pacer Advisors Inc. lifted its stake in Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company’s stock valued at $116,876,000 after purchasing an additional 64,489 shares during the last quarter. Geode Capital Management LLC increased its position in Cal-Maine Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock worth $74,000,000 after buying an additional 10,984 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cal-Maine Foods by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock valued at $46,490,000 after buying an additional 20,528 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after buying an additional 159,787 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the completion of the transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. The trade was a 1.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Trading Up 1.0 %

CALM opened at $109.41 on Tuesday. The company has a 50 day moving average of $106.29 and a 200 day moving average of $89.71. Cal-Maine Foods, Inc. has a 12 month low of $54.53 and a 12 month high of $116.41. The company has a market cap of $5.36 billion, a PE ratio of 8.51 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.42. The company had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

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.