Louisiana State Employees Retirement System Makes New Investment in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Louisiana State Employees Retirement System purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,300 shares of the basic materials company’s stock, valued at approximately $1,165,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CALM. AE Wealth Management LLC bought a new position in shares of Cal-Maine Foods during the 3rd quarter worth approximately $733,000. SG Americas Securities LLC bought a new position in shares of Cal-Maine Foods during the 3rd quarter worth approximately $643,000. State of Alaska Department of Revenue lifted its holdings in shares of Cal-Maine Foods by 1.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,347 shares of the basic materials company’s stock worth $1,227,000 after purchasing an additional 344 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth $29,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth $225,000. 84.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 1,020 shares of the firm’s 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 transaction, the director now directly owns 43,570 shares in the company, valued at approximately $2,471,726.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 1,020 shares of the firm’s 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 transaction, the director now directly owns 43,570 shares in the company, valued at approximately $2,471,726.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Poole sold 3,000 shares of the firm’s 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 transaction, the director now owns 11,670 shares in the company, valued at $652,469.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,228 shares of company stock worth $520,122. Corporate insiders own 13.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Cal-Maine Foods Stock Down 0.6 %

Shares of CALM opened at $59.70 on Tuesday. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $64.76. The business’s fifty day moving average is $59.15 and its 200 day moving average is $54.28. The stock has a market cap of $2.93 billion, a P/E ratio of 10.59 and a beta of -0.06.

Cal-Maine Foods (NASDAQ:CALM) last issued its 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. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The company had revenue of $703.08 million for the quarter, compared to analysts’ expectations of $692.35 million. During the same period last year, the business earned $6.62 EPS. Cal-Maine Foods’s quarterly revenue was down 29.5% compared to the same quarter last year. On average, analysts expect that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

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.