Cal-Maine Foods, Inc. (NASDAQ:CALM) is Diversified Investment Strategies LLC’s 3rd Largest Position

Diversified Investment Strategies LLC lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 127,820 shares of the basic materials company’s stock after selling 9,225 shares during the period. Cal-Maine Foods accounts for approximately 8.5% of Diversified Investment Strategies LLC’s holdings, making the stock its 3rd largest holding. Diversified Investment Strategies LLC’s holdings in Cal-Maine Foods were worth $13,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Harbor Capital Advisors Inc. purchased a new stake in shares of Cal-Maine Foods during the third quarter valued at $29,000. Hexagon Capital Partners LLC boosted its stake in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 155 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter worth about $33,000. Quarry LP boosted its stake in shares of Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 553 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Cal-Maine Foods by 62.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,101 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling

In other 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 sale, the director now directly owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Trading Down 0.8 %

CALM stock opened at $110.36 on Wednesday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 8.58 and a beta of -0.11. Cal-Maine Foods, Inc. has a 12 month low of $54.53 and a 12 month high of $116.41. The firm has a 50-day moving average of $104.01 and a two-hundred day moving average of $86.94.

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 analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Cal-Maine Foods’s quarterly revenue was up 82.5% on a year-over-year basis. As a group, equities analysts forecast that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stephens assumed coverage on shares of Cal-Maine Foods in a research report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target for the company. StockNews.com upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

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.