Vanguard Personalized Indexing Management LLC Increases Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,129 shares of the basic materials company’s stock after buying an additional 287 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cal-Maine Foods were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $160,000. TD Asset Management Inc increased its position in shares of Cal-Maine Foods by 2.1% during the fourth quarter. TD Asset Management Inc now owns 205,700 shares of the basic materials company’s stock worth $11,805,000 after purchasing an additional 4,200 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of Cal-Maine Foods by 32,400.0% during 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 in the last quarter. Rathbones Group PLC acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $211,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Cal-Maine Foods during the fourth quarter worth about $240,000. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Cal-Maine Foods Stock Up 1.9 %

Shares of CALM stock opened at $74.65 on Friday. The stock has a market capitalization of $3.66 billion, a PE ratio of 13.24 and a beta of -0.10. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $75.64. The stock’s 50-day moving average price is $70.76 and its 200 day moving average price is $63.80.

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

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Monday, August 5th. Cal-Maine Foods’s payout ratio is 54.61%.

Insiders Place Their Bets

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total transaction of $106,395.00. Following the transaction, the vice president now owns 16,754 shares in the company, valued at approximately $1,188,361.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of the business’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 transaction of $210,600.00. Following the transaction, the chief operating officer now owns 5,310 shares in the company, valued at approximately $372,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now directly owns 16,754 shares in the company, valued at approximately $1,188,361.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,000 shares of company stock worth $422,970. Company insiders own 13.51% of the company’s stock.

Cal-Maine Foods 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.