Louisiana State Employees Retirement System Sells 800 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Louisiana State Employees Retirement System lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,700 shares of the basic materials company’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Cal-Maine Foods were worth $1,474,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CALM. Dimensional Fund Advisors LP raised its stake in shares of Cal-Maine Foods by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,011 shares of the basic materials company’s stock valued at $159,863,000 after acquiring an additional 114,995 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Cal-Maine Foods by 5.5% in the second quarter. Renaissance Technologies LLC now owns 2,115,624 shares of the basic materials company’s stock valued at $129,286,000 after purchasing an additional 110,900 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Cal-Maine Foods by 8.9% in the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock valued at $61,948,000 after purchasing an additional 82,772 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Cal-Maine Foods in the third quarter valued at approximately $58,810,000. Finally, Buck Wealth Strategies LLC increased its holdings in shares of Cal-Maine Foods by 762.0% in the first quarter. Buck Wealth Strategies LLC now owns 81,029 shares of the basic materials company’s stock valued at $4,769,000 after purchasing an additional 71,629 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CALM shares. The Goldman Sachs Group raised their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a report on Wednesday, July 17th. Stephens started coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target for the company. Finally, StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the transaction, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.45% of the company’s stock.

Cal-Maine Foods Stock Performance

CALM opened at $87.78 on Friday. The company has a fifty day moving average price of $78.89 and a two-hundred day moving average price of $68.17. Cal-Maine Foods, Inc. has a 52 week low of $45.07 and a 52 week high of $95.06. The firm has a market capitalization of $4.30 billion, a PE ratio of 10.05 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The business had revenue of $785.87 million for the quarter, compared to analyst estimates of $704.65 million. During the same period in the prior year, the firm posted $0.02 EPS. Cal-Maine Foods’s revenue was up 71.1% on a year-over-year basis.

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.