Commonwealth Equity Services LLC Sells 1,587 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Commonwealth Equity Services LLC lessened its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 12.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,126 shares of the basic materials company’s stock after selling 1,587 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cal-Maine Foods were worth $680,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CALM. AlphaMark Advisors LLC lifted its position 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 raised its holdings in Cal-Maine Foods by 37.6% during the fourth quarter. Quadrant Capital Group LLC now owns 941 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 257 shares in the last quarter. GAMMA Investing LLC boosted its position 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. CWM LLC grew its stake 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 in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Cal-Maine Foods by 1.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,040 shares of the basic materials company’s stock worth $1,356,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, 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 transaction of $105,975.00. Following the completion of the transaction, the director now directly owns 10,170 shares in the company, valued at $718,510.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cal-Maine Foods news, Director James E. Poole sold 1,500 shares of Cal-Maine Foods stock in a transaction dated Friday, July 26th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael Todd Walters sold 3,000 shares of the 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 completion of the transaction, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at approximately $372,762. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,000 shares of company stock valued at $422,970. Company insiders own 13.51% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their target price 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.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $73.69 on Friday. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $73.74. The stock has a market cap of $3.61 billion, a PE ratio of 12.71 and a beta of -0.10. The firm has a 50-day moving average of $69.37 and a 200-day moving average of $63.00.

Cal-Maine Foods (NASDAQ:CALM) last released its 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 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 revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share.

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s payout ratio is presently 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.