Integrated Wealth Concepts LLC Sells 4,365 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Integrated Wealth Concepts LLC lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,621 shares of the basic materials company’s stock after selling 4,365 shares during the quarter. Integrated Wealth Concepts LLC owned about 0.07% of Cal-Maine Foods worth $3,769,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in Cal-Maine Foods by 350.5% during 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. Vest Financial LLC boosted its holdings in shares of Cal-Maine Foods by 17.2% during the 4th quarter. Vest Financial LLC now owns 23,553 shares of the basic materials company’s stock worth $2,424,000 after buying an additional 3,449 shares during the period. Asset Management One Co. Ltd. grew its stake in Cal-Maine Foods by 1,061.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,924 shares of the basic materials company’s stock valued at $3,330,000 after buying an additional 30,089 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 797 shares during the period. Finally, Inspire Investing LLC raised its holdings in Cal-Maine Foods by 112.4% in the 4th quarter. Inspire Investing LLC now owns 11,805 shares of the basic materials company’s stock worth $1,215,000 after acquiring an additional 6,247 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CALM has been the topic of several research analyst reports. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Thursday. Stephens reaffirmed an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday.

Insider Activity

In related news, insider Adolphus B. Baker sold 140,266 shares of the firm’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the transaction, the insider now directly owns 1,319,034 shares of the company’s stock, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.45% of the stock is currently owned by company insiders.

Cal-Maine Foods Price Performance

Shares of Cal-Maine Foods stock opened at $94.81 on Friday. The company has a market cap of $4.65 billion, a PE ratio of 7.38 and a beta of 0.11. The firm has a fifty day moving average price of $90.69 and a two-hundred day moving average price of $96.92. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $953.76 million. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm’s revenue was up 101.6% on a year-over-year basis. During the same quarter last year, the company earned $3.00 earnings per share. Analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

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.