Empowered Funds LLC Has $6.23 Million Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Empowered Funds LLC decreased its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,513 shares of the basic materials company’s stock after selling 15,719 shares during the quarter. Empowered Funds LLC owned about 0.12% of Cal-Maine Foods worth $6,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 159,787 shares during the period. Two Sigma Advisers LP grew its stake 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 valued at $11,997,000 after buying an additional 139,000 shares during the period. International Assets Investment Management LLC bought a new stake in Cal-Maine Foods in the 3rd quarter valued at about $58,810,000. Hotchkis & Wiley Capital Management LLC raised its stake in Cal-Maine Foods by 130.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 132,460 shares of the basic materials company’s stock worth $9,913,000 after buying an additional 75,090 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings 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 worth $116,876,000 after acquiring an additional 64,489 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

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

Cal-Maine Foods Price Performance

CALM opened at $109.41 on Tuesday. Cal-Maine Foods, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $116.41. The firm has a market capitalization of $5.36 billion, a PE ratio of 8.51 and a beta of -0.12. The company’s 50-day moving average is $106.29 and its 200 day moving average is $89.71.

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, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. The company’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, analysts expect that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods 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.