Verition Fund Management LLC Reduces Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Verition Fund Management LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 55.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,452 shares of the basic materials company’s stock after selling 133,904 shares during the quarter. Verition Fund Management LLC owned approximately 0.22% of Cal-Maine Foods worth $8,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Cal-Maine Foods by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock worth $159,863,000 after buying an additional 114,995 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Cal-Maine Foods by 5.5% in the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock valued at $129,286,000 after acquiring an additional 110,900 shares in the last quarter. Pacer Advisors Inc. increased its position in Cal-Maine Foods by 4.3% during the 3rd 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 period. American Century Companies Inc. increased its position in Cal-Maine Foods by 8.9% during the 2nd quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock valued at $61,948,000 after purchasing an additional 82,772 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cal-Maine Foods by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company’s stock worth $46,490,000 after purchasing an additional 20,528 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $97.61 on Monday. Cal-Maine Foods, Inc. has a 1-year low of $47.06 and a 1-year high of $99.63. The company has a market capitalization of $4.79 billion, a PE ratio of 11.18 and a beta of -0.12. The firm’s 50-day moving average price is $88.51 and its 200-day moving average price is $73.47.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $785.87 million during the quarter, compared to analysts’ expectations of $704.65 million. During the same quarter last year, the company posted $0.02 EPS. Cal-Maine Foods’s revenue for the quarter was up 71.1% compared to the same quarter last year. Equities analysts anticipate that Cal-Maine Foods, Inc. will post 8.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Stephens initiated coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price objective on the stock.

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.