O Shaughnessy Asset Management LLC Sells 3,151 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

O Shaughnessy Asset Management LLC cut its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,991 shares of the basic materials company’s stock after selling 3,151 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.09% of Cal-Maine Foods worth $4,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CALM. JPMorgan Chase & Co. lifted its stake in Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock worth $25,457,000 after acquiring an additional 159,787 shares during the period. American Century Companies Inc. raised its holdings in shares of Cal-Maine Foods by 12.7% in the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock valued at $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company’s stock worth $11,997,000 after purchasing an additional 139,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cal-Maine Foods by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company’s stock valued at $504,885,000 after purchasing an additional 118,162 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Cal-Maine Foods by 11.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 998,844 shares of the basic materials company’s stock valued at $102,801,000 after buying an additional 104,512 shares during the period. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 1.8 %

NASDAQ:CALM opened at $93.08 on Thursday. The firm has a 50 day moving average of $95.86 and a 200 day moving average of $94.90. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 7.24 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The firm had revenue of $954.70 million during the quarter, compared to analyst estimates of $751.50 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. As a group, analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insiders Place Their Bets

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stephens restated an “equal weight” rating and set a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.