Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by Cwm LLC

Cwm LLC lifted its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 120.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 625 shares of the basic materials company’s stock after purchasing an additional 341 shares during the period. Cwm LLC’s holdings in Cal-Maine Foods were worth $38,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cape Investment Advisory Inc. bought a new position in Cal-Maine Foods during the 4th quarter worth approximately $32,000. TFO Wealth Partners LLC boosted its holdings in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 648 shares during the period. GAMMA Investing LLC increased its stake in Cal-Maine Foods by 73.8% during the second quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 287 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth $43,000. Finally, MCF Advisors LLC bought a new position in shares of Cal-Maine Foods in the 1st quarter worth about $46,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of CALM opened at $71.89 on Thursday. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $72.70. The stock has a fifty day moving average price of $65.20 and a 200 day moving average price of $61.00. The company has a market cap of $3.53 billion, a P/E ratio of 12.74 and a beta of -0.10.

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

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were issued a dividend of $0.77 per share. The ex-dividend date was Monday, August 5th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.28%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 54.61%.

Analyst Ratings Changes

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

Insider Transactions at Cal-Maine Foods

In related news, COO Michael Todd Walters sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total value of $210,600.00. Following the sale, the chief operating officer now directly owns 5,310 shares in the company, valued at approximately $372,762. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the transaction, the chief operating officer now owns 5,310 shares in the company, valued at approximately $372,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $105,975.00. Following the sale, the director now owns 10,170 shares in the company, valued at $718,510.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,000 shares of company stock worth $422,970. Company insiders own 13.51% of the company’s stock.

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.