Segall Bryant & Hamill LLC Sells 25,931 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Segall Bryant & Hamill LLC reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 30.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,098 shares of the basic materials company’s stock after selling 25,931 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.12% of Cal-Maine Foods worth $5,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Cal-Maine Foods by 2.5% in 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 acquiring an additional 118,162 shares during the period. State Street Corp grew its holdings in shares of Cal-Maine Foods by 3.0% in the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company’s stock worth $120,447,000 after purchasing an additional 46,187 shares during the last quarter. American Century Companies Inc. increased its position in shares of Cal-Maine Foods by 12.7% during the 4th quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company’s stock worth $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cal-Maine Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company’s stock valued at $74,000,000 after purchasing an additional 10,984 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Cal-Maine Foods by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 644,130 shares of the basic materials company’s stock valued at $66,294,000 after buying an additional 22,939 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CALM shares. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens reiterated an “equal weight” rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research report on Thursday, March 6th.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 13.45% of the stock is owned by company insiders.

Cal-Maine Foods Trading Down 1.3 %

Shares of NASDAQ CALM opened at $92.80 on Thursday. Cal-Maine Foods, Inc. has a 1-year low of $55.00 and a 1-year high of $116.41. The company has a 50-day moving average of $98.00 and a two-hundred day moving average of $94.11. The company has a market cap of $4.55 billion, a PE ratio of 7.22 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million for 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 business’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, equities research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

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.