JPMorgan Chase & Co. Trims Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

JPMorgan Chase & Co. cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,073 shares of the basic materials company's stock after selling 6,082 shares during the quarter. JPMorgan Chase & Co. owned about 0.68% of Cal-Maine Foods worth $34,383,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CALM. American Century Companies Inc. grew its position in shares of Cal-Maine Foods by 12.7% in the fourth quarter. American Century Companies Inc. now owns 1,266,621 shares of the basic materials company's stock valued at $130,361,000 after purchasing an additional 143,189 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Cal-Maine Foods by 652.6% in the 3rd quarter. Two Sigma Advisers LP now owns 160,300 shares of the basic materials company's stock worth $11,997,000 after acquiring an additional 139,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Cal-Maine Foods by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 4,905,606 shares of the basic materials company's stock valued at $504,885,000 after buying an additional 118,162 shares during the period. Bank of New York Mellon Corp raised its position in shares of Cal-Maine Foods by 17.3% during the 4th quarter. Bank of New York Mellon Corp now owns 517,609 shares of the basic materials company's stock valued at $53,272,000 after buying an additional 76,387 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in Cal-Maine Foods by 131.5% in the fourth quarter. Intech Investment Management LLC now owns 129,561 shares of the basic materials company's stock valued at $13,334,000 after acquiring an additional 73,596 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company's stock.

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Wall Street Analyst Weigh In

CALM has been the topic of several recent research reports. StockNews.com downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Thursday. Stephens reiterated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Thursday, March 6th.

Cal-Maine Foods Stock Up 4.6 %

NASDAQ CALM traded up $4.31 on Friday, hitting $98.99. 1,275,132 shares of the stock were exchanged, compared to its average volume of 698,788. Cal-Maine Foods, Inc. has a fifty-two week low of $55.15 and a fifty-two week high of $116.41. The company has a 50-day moving average price of $92.86 and a 200-day moving average price of $96.01. The company has a market cap of $4.85 billion, a PE ratio of 7.70 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share for the quarter, beating analysts' consensus estimates of $5.79 by $4.59. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's quarterly revenue was up 101.6% on a year-over-year basis. During the same period last year, the firm earned $3.00 earnings per share. As a group, equities research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal 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 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 completion of the transaction, the director now owns 42,761 shares in the company, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods 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.