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

Cadence Wealth Management LLC lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,976 shares of the basic materials company’s stock after purchasing an additional 682 shares during the quarter. Cal-Maine Foods comprises approximately 0.3% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Cadence Wealth Management LLC’s holdings in Cal-Maine Foods were worth $487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CALM. National Bank of Canada FI grew its position in Cal-Maine Foods by 2.3% in the 4th quarter. National Bank of Canada FI now owns 9,547 shares of the basic materials company’s stock valued at $541,000 after acquiring an additional 218 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in Cal-Maine Foods by 4.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 5,554 shares of the basic materials company’s stock worth $339,000 after buying an additional 249 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Cal-Maine Foods by 37.6% in the 4th quarter. Quadrant Capital Group LLC now owns 941 shares of the basic materials company’s stock valued at $54,000 after buying an additional 257 shares during the period. GAMMA Investing LLC increased its position in shares of Cal-Maine Foods by 73.8% during the second quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 287 shares during the period. Finally, Donoghue Forlines LLC increased its position in shares of Cal-Maine Foods by 4.2% during the fourth quarter. Donoghue Forlines LLC now owns 7,211 shares of the basic materials company’s stock worth $414,000 after acquiring an additional 289 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, Director James E. Poole sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were 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 of the company’s stock, valued at $718,510.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of Cal-Maine Foods stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total transaction of $210,600.00. Following the transaction, the chief operating officer now owns 5,310 shares of the company’s stock, valued at $372,762. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the completion of the sale, the director now owns 10,170 shares of the company’s stock, valued at approximately $718,510.50. The disclosure for this sale can be found here. Insiders sold 6,000 shares of company stock valued at $422,970 over the last three months. 13.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their price target on Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a report on Wednesday, July 17th.

Cal-Maine Foods Stock Up 0.3 %

NASDAQ CALM traded up $0.20 on Friday, hitting $72.04. 302,052 shares of the stock were exchanged, compared to its average volume of 370,990. Cal-Maine Foods, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $72.70. The company has a 50-day moving average price of $67.29 and a 200-day moving average price of $61.86. The company has a market cap of $3.53 billion, a PE ratio of 12.77 and a beta of -0.10.

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

Cal-Maine Foods Cuts Dividend

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

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.