Strs Ohio Sells 7,600 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Strs Ohio reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,900 shares of the basic materials company’s stock after selling 7,600 shares during the quarter. Strs Ohio’s holdings in Cal-Maine Foods were worth $625,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CALM. Pacer Advisors Inc. boosted its stake in shares of 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 shares of Cal-Maine Foods by 13.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,721,026 shares of the basic materials company’s stock valued at $83,332,000 after purchasing an additional 210,556 shares in the last quarter. Nuance Investments LLC boosted its stake in shares of Cal-Maine Foods by 25.8% in the 3rd quarter. Nuance Investments LLC now owns 1,567,434 shares of the basic materials company’s stock valued at $75,895,000 after purchasing an additional 321,438 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Cal-Maine Foods by 1.5% in the 3rd quarter. Corient Private Wealth LLC now owns 781,430 shares of the basic materials company’s stock valued at $37,837,000 after purchasing an additional 11,840 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Cal-Maine Foods by 2.3% in the 3rd quarter. Northern Trust Corp now owns 734,017 shares of the basic materials company’s stock valued at $35,541,000 after purchasing an additional 16,267 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $56.87 on Friday. The firm’s 50 day simple moving average is $59.31 and its 200 day simple moving average is $54.51. Cal-Maine Foods, Inc. has a one year low of $42.25 and a one year high of $64.76. The company has a market cap of $2.79 billion, a PE ratio of 10.08 and a beta of -0.06.

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

Insider Transactions at Cal-Maine Foods

In other news, Director Letitia Callender Hughes sold 1,020 shares of the business’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 value of $57,864.60. Following the transaction, the director now owns 43,570 shares in the company, valued at approximately $2,471,726.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James E. Poole sold 3,000 shares of Cal-Maine Foods stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the sale, the director now owns 11,670 shares in the company, valued at approximately $652,469.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Letitia Callender Hughes sold 1,020 shares of Cal-Maine Foods stock in a transaction 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 of the company’s stock, valued at approximately $2,471,726.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,228 shares of company stock worth $520,122. Company insiders own 13.51% of the company’s stock.

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.