Kendall Capital Management Sells 1,610 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Kendall Capital Management lessened its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,665 shares of the basic materials company’s stock after selling 1,610 shares during the quarter. Cal-Maine Foods makes up 1.0% of Kendall Capital Management’s portfolio, making the stock its 27th biggest position. Kendall Capital Management’s holdings in Cal-Maine Foods were worth $3,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Cal-Maine Foods during the third quarter valued at approximately $29,000. Quarry LP grew its stake in Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 189 shares during the period. Smartleaf Asset Management LLC grew its stake in Cal-Maine Foods by 339.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 797 shares during the period. GAMMA Investing LLC grew its stake in Cal-Maine Foods by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 267 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 1,118 shares during the period. Institutional investors own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares of the company’s stock, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.45% of the stock is currently owned by insiders.

Cal-Maine Foods Trading Up 5.5 %

NASDAQ CALM opened at $87.18 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $55.00 and a 12 month high of $116.41. The stock has a market cap of $4.27 billion, a P/E ratio of 6.78 and a beta of -0.12. The stock’s fifty day moving average price is $102.35 and its 200-day moving average price is $92.50.

Cal-Maine Foods (NASDAQ:CALM) last released 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 company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same period last year, the firm posted $0.35 earnings per share. Cal-Maine Foods’s revenue was up 82.5% compared to the same quarter last year. As a group, analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CALM shares. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target on shares of Cal-Maine Foods in a research note on Thursday. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

About Cal-Maine Foods

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.