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

Arizona State Retirement System lowered its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 11,735 shares of the basic materials company’s stock after selling 217 shares during the period. Arizona State Retirement System’s holdings in Cal-Maine Foods were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in Cal-Maine Foods by 0.8% during the 1st quarter. BlackRock Inc. now owns 6,199,712 shares of the basic materials company’s stock worth $342,347,000 after buying an additional 48,222 shares in the last quarter. Vanguard Group Inc. raised its stake in Cal-Maine Foods by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,992,618 shares of the basic materials company’s stock valued at $277,540,000 after purchasing an additional 446,909 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Cal-Maine Foods by 66.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock valued at $136,319,000 after purchasing an additional 947,115 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Cal-Maine Foods by 13.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,721,026 shares of the basic materials company’s stock worth $83,332,000 after purchasing an additional 210,556 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Cal-Maine Foods by 2.9% during the fourth quarter. Millennium Management LLC now owns 1,604,025 shares of the basic materials company’s stock worth $87,339,000 after buying an additional 45,771 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 1,020 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $56.73, for a total transaction of $57,864.60. Following the completion of the sale, the director now owns 43,570 shares in the company, valued at approximately $2,471,726.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Letitia Callender Hughes sold 1,020 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 43,570 shares in the company, valued at approximately $2,471,726.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James E. Poole sold 3,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total transaction of $167,730.00. Following the completion of the sale, the director now owns 11,670 shares in the company, valued at $652,469.70. The disclosure for this sale can be found here. Insiders have sold 9,228 shares of company stock worth $520,122 in the last ninety days. 13.51% of the stock is owned by insiders.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $59.22 on Friday. The business’s 50 day moving average price is $58.99 and its 200 day moving average price is $53.97. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 10.50 and a beta of -0.06. Cal-Maine Foods, Inc. has a one year low of $42.25 and a one year high of $64.76.

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

Analyst Ratings Changes

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

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.