Van ECK Associates Corp Trims Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Van ECK Associates Corp cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 32.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,222 shares of the basic materials company’s stock after selling 1,525 shares during the quarter. Van ECK Associates Corp’s holdings in Cal-Maine Foods were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CALM. Dimensional Fund Advisors LP increased its position in Cal-Maine Foods by 4.6% in the second 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 period. Renaissance Technologies LLC increased its position 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 worth $129,286,000 after buying an additional 110,900 shares during the period. American Century Companies Inc. increased its position in Cal-Maine Foods by 8.9% in the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after buying an additional 82,772 shares during the period. International Assets Investment Management LLC acquired a new stake in Cal-Maine Foods in the third quarter worth $58,810,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Cal-Maine Foods by 162.0% during the first quarter. Janus Henderson Group PLC now owns 62,572 shares of the basic materials company’s stock valued at $3,681,000 after purchasing an additional 38,693 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Insider Activity at Cal-Maine Foods

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the transaction, the vice president now owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 13.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their price target on Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a report on Wednesday, July 17th. Finally, Stephens assumed coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock.

Cal-Maine Foods Stock Down 1.7 %

NASDAQ:CALM opened at $91.29 on Thursday. Cal-Maine Foods, Inc. has a 1-year low of $45.07 and a 1-year high of $95.06. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 10.46 and a beta of -0.12. The stock has a fifty day simple moving average of $82.56 and a 200 day simple moving average of $70.28.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Tuesday, October 1st. The basic materials company reported $3.06 EPS 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 for the quarter, compared to analyst estimates of $704.65 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The company’s revenue was up 71.1% compared to the same quarter last year. Equities analysts predict that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

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.