Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. grew its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12,523.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,282 shares of the basic materials company’s stock after acquiring an additional 3,256 shares during the quarter. Blue Trust Inc.’s holdings in Cal-Maine Foods were worth $193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CALM. Cape Investment Advisory Inc. purchased a new stake in shares of Cal-Maine Foods in the 4th quarter valued at approximately $32,000. TFO Wealth Partners LLC lifted its holdings in shares of Cal-Maine Foods by 32,400.0% in the 4th quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 648 shares during the last quarter. CWM LLC raised its position in Cal-Maine Foods by 120.1% in the second quarter. CWM LLC now owns 625 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 341 shares during the period. GAMMA Investing LLC lifted 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 worth $41,000 after purchasing an additional 287 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Cal-Maine Foods during the fourth quarter worth $43,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

CALM opened at $70.74 on Monday. The business has a fifty day moving average price of $64.66 and a 200 day moving average price of $60.79. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $72.70. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 12.54 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data 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). The company had revenue of $640.80 million for the quarter, compared to analyst estimates of $652.32 million. Cal-Maine Foods had a return on equity of 16.46% and a net margin of 11.94%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.35%. Cal-Maine Foods’s payout ratio is 54.61%.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of the firm’s stock in a transaction 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 $372,762. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Michael Todd Walters sold 3,000 shares of the company’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 completion of the transaction, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at $372,762. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Poole sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 directly owns 10,170 shares in the company, valued at approximately $718,510.50. The disclosure for this sale can be found here. Corporate insiders own 13.51% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised 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 note on Wednesday, July 17th.

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.