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

Yousif Capital Management LLC cut its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 6.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,627 shares of the basic materials company’s stock after selling 1,443 shares during the quarter. Yousif Capital Management LLC’s holdings in Cal-Maine Foods were worth $973,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cerity Partners LLC acquired a new stake in shares of Cal-Maine Foods in the first quarter valued at approximately $364,000. Gladius Capital Management LP acquired a new stake in shares of Cal-Maine Foods in the first quarter valued at approximately $40,000. Fifth Third Bancorp boosted its position in Cal-Maine Foods by 52.5% during the first quarter. Fifth Third Bancorp now owns 645 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 222 shares during the last quarter. Global Retirement Partners LLC boosted its position in Cal-Maine Foods by 184.1% during the first quarter. Global Retirement Partners LLC now owns 1,054 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 683 shares during the last quarter. Finally, US Bancorp DE boosted its position in Cal-Maine Foods by 39.1% during the first quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 308 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Down 0.4 %

NASDAQ:CALM opened at $49.54 on Monday. The company has a market cap of $2.43 billion, a P/E ratio of 3.82, a P/E/G ratio of 1.21 and a beta of -0.06. Cal-Maine Foods, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $65.32. The firm’s 50 day moving average is $47.24 and its two-hundred day moving average is $47.04.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Tuesday, October 3rd. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The company had revenue of $459.34 million for the quarter, compared to analysts’ expectations of $479.52 million. Cal-Maine Foods had a return on equity of 41.72% and a net margin of 21.50%. The business’s revenue for the quarter was down 30.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.57 EPS. Research analysts forecast that Cal-Maine Foods, Inc. will post 2.37 earnings per share for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Tuesday, October 31st. Cal-Maine Foods’s dividend payout ratio is currently 0.15%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Cal-Maine Foods in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Stephens restated an “equal weight” rating and set a $47.00 target price on shares of Cal-Maine Foods in a research report on Wednesday, October 4th.

Cal-Maine Foods Company 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.