Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury trimmed its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,663 shares of the basic materials company's stock after selling 4,439 shares during the period. State of Tennessee Department of Treasury's holdings in Cal-Maine Foods were worth $2,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in Cal-Maine Foods by 6,005.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,396 shares of the basic materials company's stock worth $452,000 after acquiring an additional 4,324 shares in the last quarter. MetLife Investment Management LLC grew its stake in Cal-Maine Foods by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 24,328 shares of the basic materials company's stock valued at $2,504,000 after acquiring an additional 639 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Cal-Maine Foods in the 4th quarter valued at about $3,296,000. Freedom Investment Management Inc. purchased a new position in Cal-Maine Foods in the 4th quarter worth approximately $305,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Cal-Maine Foods by 3.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 42,857 shares of the basic materials company's stock worth $4,411,000 after purchasing an additional 1,603 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Adolphus B. Baker sold 140,266 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $90.60, for a total value of $12,708,099.60. Following the completion of the transaction, the insider now owns 1,319,034 shares of the company's stock, valued at $119,504,480.40. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 13.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on CALM. StockNews.com cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Friday. Stephens restated an "equal weight" rating and issued a $97.00 target price on shares of Cal-Maine Foods in a report on Wednesday, April 23rd.

Cal-Maine Foods Stock Up 0.5 %

NASDAQ:CALM traded up $0.43 on Friday, hitting $92.91. The stock had a trading volume of 748,678 shares, compared to its average volume of 730,593. The company has a fifty day moving average price of $91.10 and a two-hundred day moving average price of $97.04. Cal-Maine Foods, Inc. has a 1-year low of $56.40 and a 1-year high of $116.41. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 7.23 and a beta of 0.11.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The basic materials company reported $10.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.79 by $4.59. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. During the same period in the previous year, the firm earned $3.00 EPS. Cal-Maine Foods's revenue was up 101.6% on a year-over-year basis. As a group, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

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.