Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,690 shares of the basic materials company’s stock after selling 1,860 shares during the quarter. Everence Capital Management Inc.’s holdings in Cal-Maine Foods were worth $586,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after buying an additional 267 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cal-Maine Foods by 88.6% in the third quarter. JPMorgan Chase & Co. now owns 340,155 shares of the basic materials company’s stock valued at $25,457,000 after purchasing an additional 159,787 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Cal-Maine Foods by 91.7% in the third quarter. Franklin Resources Inc. now owns 62,979 shares of the basic materials company’s stock valued at $4,713,000 after purchasing an additional 30,122 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Cal-Maine Foods by 418.6% during the 3rd quarter. Tidal Investments LLC now owns 47,653 shares of the basic materials company’s stock worth $3,566,000 after purchasing an additional 38,465 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Cal-Maine Foods during the 3rd quarter worth approximately $1,585,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CALM shares. Stephens began coverage on Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 target price on the stock. StockNews.com upgraded Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $107.54 on Friday. Cal-Maine Foods, Inc. has a fifty-two week low of $53.02 and a fifty-two week high of $114.06. The company has a market capitalization of $5.27 billion, a PE ratio of 12.32 and a beta of -0.10. The stock has a fifty day moving average of $97.69 and a two-hundred day moving average of $81.10.

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.