Ensign Peak Advisors Inc Lowers Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Ensign Peak Advisors Inc lessened its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) by 55.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,808 shares of the basic materials company’s stock after selling 16,210 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Cal-Maine Foods were worth $712,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CALM. Signaturefd LLC boosted its stake in Cal-Maine Foods by 118.8% during the third quarter. Signaturefd LLC now owns 466 shares of the basic materials company’s stock worth $26,000 after buying an additional 253 shares during the period. Quadrant Capital Group LLC boosted its stake in Cal-Maine Foods by 795.2% during the third quarter. Quadrant Capital Group LLC now owns 564 shares of the basic materials company’s stock worth $31,000 after buying an additional 501 shares during the period. Guardian Wealth Advisors LLC purchased a new position in Cal-Maine Foods during the third quarter worth about $35,000. Eagle Bay Advisors LLC boosted its stake in Cal-Maine Foods by 34.5% during the second quarter. Eagle Bay Advisors LLC now owns 733 shares of the basic materials company’s stock worth $36,000 after buying an additional 188 shares during the period. Finally, Wipfli Financial Advisors LLC purchased a new position in Cal-Maine Foods during the third quarter worth about $61,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Insider Activity

In other news, Director Letitia Callender Hughes sold 1,180 shares of the firm’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $54.70, for a total value of $64,546.00. Following the completion of the transaction, the director now owns 42,727 shares of the company’s stock, valued at $2,337,166.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 13.49% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $54.69 on Tuesday. The firm has a 50 day simple moving average of $55.88 and a 200-day simple moving average of $57.01. Cal-Maine Foods, Inc. has a one year low of $43.42 and a one year high of $65.32. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 0.16 and a beta of -0.05.

Cal-Maine Foods (NASDAQ:CALM – Get Rating) last posted its quarterly earnings data on Wednesday, December 28th. The basic materials company reported $4.07 EPS for the quarter, missing the consensus estimate of $4.30 by ($0.23). Cal-Maine Foods had a net margin of 18.71% and a return on equity of 40.78%. The business had revenue of $801.70 million during the quarter. Equities analysts predict that Cal-Maine Foods, Inc. will post 16.75 EPS for the current fiscal year.

Cal-Maine Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 9th. Stockholders of record on Wednesday, January 25th were paid a $1.35 dividend. This is a positive change from Cal-Maine Foods’s previous quarterly dividend of $0.85. The ex-dividend date was Tuesday, January 24th. This represents a $5.40 annualized dividend and a dividend yield of 9.87%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 55.67%.

Cal-Maine Foods Company Profile

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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.