State of New Jersey Common Pension Fund D Trims Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

State of New Jersey Common Pension Fund D trimmed its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,064 shares of the basic materials company's stock after selling 5,725 shares during the period. State of New Jersey Common Pension Fund D's holdings in Cal-Maine Foods were worth $2,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its position in Cal-Maine Foods by 3.0% in the 3rd quarter. State Street Corp now owns 1,609,388 shares of the basic materials company's stock valued at $120,447,000 after acquiring an additional 46,187 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Cal-Maine Foods by 4.3% in the third quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock valued at $116,876,000 after purchasing an additional 64,489 shares during the period. Geode Capital Management LLC grew its holdings in shares of Cal-Maine Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock valued at $74,000,000 after purchasing an additional 10,984 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cal-Maine Foods by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,191 shares of the basic materials company's stock worth $46,490,000 after buying an additional 20,528 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Cal-Maine Foods by 88.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock worth $25,457,000 after buying an additional 159,787 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

Cal-Maine Foods Stock Performance

Shares of CALM traded down $1.27 during midday trading on Tuesday, hitting $88.07. The company had a trading volume of 1,075,650 shares, compared to its average volume of 935,976. Cal-Maine Foods, Inc. has a 1 year low of $54.88 and a 1 year high of $116.41. The firm has a market capitalization of $4.32 billion, a P/E ratio of 6.85 and a beta of -0.12. The company's 50-day simple moving average is $104.75 and its 200-day simple moving average is $91.71.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm's quarterly revenue was up 82.5% on a year-over-year basis. Equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Insider Activity at Cal-Maine Foods

In related news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company's stock, valued at $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.45% of the stock is currently owned by corporate insiders.

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.