Arizona State Retirement System Cuts Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Arizona State Retirement System lowered its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,735 shares of the basic materials company’s stock after selling 217 shares during the quarter. Arizona State Retirement System’s holdings in Cal-Maine Foods were worth $673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of Cal-Maine Foods by 110.1% in the first quarter. JPMorgan Chase & Co. now owns 156,722 shares of the basic materials company’s stock worth $8,654,000 after buying an additional 82,125 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cal-Maine Foods by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 440,086 shares of the basic materials company’s stock worth $24,303,000 after acquiring an additional 7,494 shares in the last quarter. US Bancorp DE boosted its position in shares of Cal-Maine Foods by 39.1% during the 1st quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 308 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Cal-Maine Foods by 9.2% in the first quarter. Citigroup Inc. now owns 32,638 shares of the basic materials company’s stock valued at $1,803,000 after purchasing an additional 2,760 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Cal-Maine Foods by 113.9% in the first quarter. PNC Financial Services Group Inc. now owns 12,444 shares of the basic materials company’s stock worth $687,000 after purchasing an additional 6,625 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling

In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 4,458 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.56, for a total value of $252,144.48. Following the transaction, the executive vice president now owns 17,830 shares of the company’s stock, valued at approximately $1,008,464.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 4,458 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.56, for a total value of $252,144.48. Following the completion of the sale, the executive vice president now directly owns 17,830 shares of the company’s stock, valued at approximately $1,008,464.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Letitia Callender Hughes sold 1,020 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.73, for a total transaction of $57,864.60. Following the transaction, the director now directly owns 43,570 shares in the company, valued at $2,471,726.10. The disclosure for this sale can be found here. In the last three months, insiders sold 9,228 shares of company stock valued at $520,122. Insiders own 13.51% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens reaffirmed an “equal weight” rating and issued a $65.00 price target on shares of Cal-Maine Foods in a report on Wednesday, April 3rd.

Cal-Maine Foods Trading Down 1.9 %

Shares of CALM opened at $59.22 on Friday. The company’s fifty day simple moving average is $58.99 and its 200-day simple moving average is $53.97. The company has a market cap of $2.90 billion, a P/E ratio of 10.50 and a beta of -0.06. Cal-Maine Foods, Inc. has a twelve month low of $42.25 and a twelve month high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Tuesday, April 2nd. The basic materials company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.55. The company had revenue of $703.08 million for the quarter, compared to analyst estimates of $692.35 million. Cal-Maine Foods had a net margin of 11.61% and a return on equity of 16.79%. The firm’s revenue for the quarter was down 29.5% on a year-over-year basis. During the same period in the prior year, the company posted $6.62 EPS. Analysts predict that Cal-Maine Foods, Inc. will post 4.63 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.