Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Keating Investment Counselors Inc.

Keating Investment Counselors Inc. trimmed its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 43.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,466 shares of the basic materials company's stock after selling 31,563 shares during the period. Cal-Maine Foods comprises 1.3% of Keating Investment Counselors Inc.'s holdings, making the stock its 20th biggest holding. Keating Investment Counselors Inc. owned about 0.08% of Cal-Maine Foods worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of 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 worth $120,447,000 after purchasing an additional 46,187 shares during the period. Pacer Advisors Inc. lifted its position in shares of Cal-Maine Foods by 4.3% in the 3rd quarter. Pacer Advisors Inc. now owns 1,561,672 shares of the basic materials company's stock worth $116,876,000 after purchasing an additional 64,489 shares during the period. Geode Capital Management LLC lifted its position in shares of Cal-Maine Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 988,599 shares of the basic materials company's stock worth $74,000,000 after purchasing an additional 10,984 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Cal-Maine Foods by 3.4% in 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 purchasing an additional 20,528 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Cal-Maine Foods by 88.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company's stock worth $25,457,000 after purchasing an additional 159,787 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Performance

NASDAQ:CALM traded up $0.85 during midday trading on Friday, reaching $90.96. 950,010 shares of the stock traded hands, compared to its average volume of 937,186. Cal-Maine Foods, Inc. has a 12-month low of $54.88 and a 12-month high of $116.41. The business has a 50-day moving average of $105.58 and a two-hundred day moving average of $91.14. The stock has a market capitalization of $4.46 billion, a PE ratio of 7.08 and a beta of -0.12.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 EPS for the quarter, beating 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 analysts' expectations of $751.50 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Cal-Maine Foods's revenue for the quarter was up 82.5% compared to the same quarter last year. Research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 809 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total transaction of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.