State of New Jersey Common Pension Fund D Decreases Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

State of New Jersey Common Pension Fund D trimmed its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALMGet Rating) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,349 shares of the basic materials company’s stock after selling 4,908 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cal-Maine Foods were worth $2,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. New York State Teachers Retirement System raised its holdings in shares of Cal-Maine Foods by 3.5% in the third quarter. New York State Teachers Retirement System now owns 44,753 shares of the basic materials company’s stock worth $2,488,000 after buying an additional 1,525 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of Cal-Maine Foods by 1.9% in the third quarter. Maryland State Retirement & Pension System now owns 15,486 shares of the basic materials company’s stock worth $861,000 after buying an additional 283 shares during the period. Money Concepts Capital Corp raised its holdings in shares of Cal-Maine Foods by 37.2% in the third quarter. Money Concepts Capital Corp now owns 12,772 shares of the basic materials company’s stock worth $710,000 after buying an additional 3,460 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Cal-Maine Foods by 84.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 435,345 shares of the basic materials company’s stock worth $24,200,000 after buying an additional 198,716 shares during the period. Finally, Hancock Whitney Corp purchased a new stake in shares of Cal-Maine Foods in the third quarter worth approximately $420,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Down 1.2 %

CALM opened at $54.10 on Monday. The stock’s fifty day moving average is $57.46 and its two-hundred day moving average is $56.07. The company has a market capitalization of $2.65 billion, a P/E ratio of 5.58, a PEG ratio of 0.19 and a beta of -0.09. Cal-Maine Foods, Inc. has a 52 week low of $38.25 and a 52 week high of $65.32.

Cal-Maine Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Wednesday, January 25th will be issued a dividend of $1.35 per share. This is an increase from Cal-Maine Foods’s previous quarterly dividend of $0.85. This represents a $5.40 annualized dividend and a yield of 9.98%. The ex-dividend date is Tuesday, January 24th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 35.15%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CALM. Bank of America reduced their price target on Cal-Maine Foods from $55.00 to $50.00 in a report on Wednesday, September 28th. StockNews.com initiated coverage on Cal-Maine Foods in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Stephens raised their price objective on Cal-Maine Foods to $67.00 in a report on Thursday, September 29th.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director James E. Poole sold 5,000 shares of the stock in a transaction on Wednesday, October 19th. The stock was sold at an average price of $59.45, for a total transaction of $297,250.00. Following the sale, the director now owns 10,909 shares of the company’s stock, valued at approximately $648,540.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.49% of the company’s stock.

About Cal-Maine Foods

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Cal-Maine Foods, Inc engages in the production, grading, packing, marketing, and distribution of fresh shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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