Xponance Inc. Acquires New Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Xponance Inc. bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,067 shares of the basic materials company’s stock, valued at approximately $249,000.

Several other institutional investors also recently modified their holdings of CALM. Garner Asset Management Corp boosted its position in Cal-Maine Foods by 0.9% during the 2nd quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock worth $1,238,000 after buying an additional 183 shares during the period. Arizona State Retirement System lifted its holdings in shares of Cal-Maine Foods by 2.0% during the second quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 230 shares during the period. AlphaMark Advisors LLC grew its stake 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 purchasing an additional 249 shares during the last quarter. GAMMA Investing LLC increased its holdings in Cal-Maine Foods by 73.8% in 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 period. Finally, Vanguard Personalized Indexing Management LLC raised its position in Cal-Maine Foods by 5.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,129 shares of the basic materials company’s stock worth $313,000 after purchasing an additional 287 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cal-Maine Foods

In other 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 completion of the sale, the director now owns 10,170 shares of the company’s stock, valued at approximately $718,510.50. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $210,600.00. Following the transaction, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at approximately $372,762. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $105,975.00. Following the completion of the sale, the director now directly owns 10,170 shares of the company’s stock, valued at approximately $718,510.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,000 shares of company stock valued at $422,970. 13.51% of the stock is currently owned by company insiders.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $75.41 on Thursday. Cal-Maine Foods, Inc. has a 52 week low of $42.25 and a 52 week high of $77.11. The firm’s fifty day moving average is $71.38 and its 200-day moving average is $64.14. The firm has a market cap of $3.70 billion, a P/E ratio of 13.37 and a beta of -0.10.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.30). Cal-Maine Foods had a net margin of 11.94% and a return on equity of 16.46%. The firm had revenue of $785.87 million for the quarter, compared to the consensus estimate of $704.65 million. During the same period last year, the company posted $0.02 EPS. The business’s revenue was up 71.1% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 5th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.08%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 54.61%.

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 company 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.