Ashton Thomas Private Wealth LLC Invests $47,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Ashton Thomas Private Wealth LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 767 shares of the basic materials company’s stock, valued at approximately $47,000.

Several other large investors have also modified their holdings of the stock. Arizona State Retirement System boosted its stake in shares of Cal-Maine Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 230 shares in the last quarter. AlphaMark Advisors LLC boosted its position in shares of Cal-Maine Foods by 4.7% in the second 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 during the period. Quadrant Capital Group LLC boosted its position in shares of Cal-Maine Foods by 37.6% in the fourth quarter. Quadrant Capital Group LLC now owns 941 shares of the basic materials company’s stock worth $54,000 after buying an additional 257 shares during the period. GAMMA Investing LLC boosted its position in shares of Cal-Maine Foods by 73.8% in the second quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $41,000 after buying an additional 287 shares during the period. Finally, CWM LLC boosted its position in shares of Cal-Maine Foods by 120.1% in the second quarter. CWM LLC now owns 625 shares of the basic materials company’s stock worth $38,000 after buying an additional 341 shares during the period. 84.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cal-Maine Foods news, Director James E. Poole sold 1,500 shares of the firm’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 transaction, the director now directly owns 10,170 shares in the company, valued at $718,510.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 5,310 shares in the company, valued at $372,762. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Poole sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the transaction, 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 ninety days, insiders sold 6,000 shares of company stock worth $422,970. Corporate insiders own 13.51% of the company’s stock.

Cal-Maine Foods Stock Up 0.0 %

Shares of Cal-Maine Foods stock opened at $69.38 on Monday. The stock has a market cap of $3.40 billion, a PE ratio of 12.30 and a beta of -0.10. The business has a fifty day simple moving average of $68.89 and a 200-day simple moving average of $62.74. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $72.70.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data 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). 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 analysts’ expectations of $652.32 million. During the same quarter in the prior year, the business posted $2.27 earnings per share. Cal-Maine Foods’s revenue was down 4.2% on a year-over-year basis.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors 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 annualized dividend and a dividend yield of 4.44%. Cal-Maine Foods’s dividend payout ratio is 54.61%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised 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 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.