State of New Jersey Common Pension Fund D Sells 17,003 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

State of New Jersey Common Pension Fund D cut its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 35.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,706 shares of the basic materials company’s stock after selling 17,003 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Cal-Maine Foods worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new stake in shares of Cal-Maine Foods during the second quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new position in Cal-Maine Foods in the 4th quarter valued at approximately $32,000. TFO Wealth Partners LLC boosted its position in Cal-Maine Foods by 32,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after buying an additional 648 shares during the period. CWM LLC grew its holdings in Cal-Maine Foods by 120.1% during the 2nd quarter. CWM LLC now owns 625 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Cal-Maine Foods by 73.8% in the 2nd quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 287 shares during the period. Institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $70.65, for a total value of $105,975.00. Following the transaction, the director now directly owns 10,170 shares of the company’s stock, valued at approximately $718,510.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James E. Poole sold 1,500 shares of Cal-Maine Foods stock in a transaction on Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the completion of the sale, the director now owns 10,170 shares in the company, valued at approximately $718,510.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total transaction of $210,600.00. Following the transaction, the chief operating officer now directly owns 5,310 shares in the company, valued at $372,762. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,000 shares of company stock valued at $422,970. 13.51% of the stock is currently owned by insiders.

Cal-Maine Foods Price Performance

Shares of CALM opened at $74.73 on Monday. The business has a 50-day moving average of $69.81 and a 200-day moving average of $63.28. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.25 and a beta of -0.10. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $75.12.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.41 by ($0.09). Cal-Maine Foods had a return on equity of 16.46% and a net margin of 11.94%. The firm had revenue of $640.80 million for the quarter, compared to the consensus estimate of $652.32 million. During the same quarter in the previous year, the business posted $2.27 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a $0.77 dividend. The ex-dividend date was Monday, August 5th. This represents a $3.08 annualized dividend and a yield of 4.12%. Cal-Maine Foods’s payout ratio is 54.61%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their price objective on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a research note on Wednesday, July 17th.

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.