GSA Capital Partners LLP purchased a new stake in Cal-Maine Foods Inc (NASDAQ:CALM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,754 shares of the basic materials company’s stock, valued at approximately $539,000.
Several other hedge funds also recently bought and sold shares of CALM. SG Americas Securities LLC acquired a new position in shares of Cal-Maine Foods in the 1st quarter valued at $140,000. Amalgamated Bank acquired a new stake in Cal-Maine Foods during the 2nd quarter worth $219,000. Stevens Capital Management LP acquired a new stake in Cal-Maine Foods during the 1st quarter worth $222,000. Sciencast Management LP acquired a new stake in Cal-Maine Foods during the 1st quarter worth $222,000. Finally, Callahan Advisors LLC acquired a new stake in Cal-Maine Foods during the 2nd quarter worth $231,000. 59.31% of the stock is currently owned by institutional investors.
In other Cal-Maine Foods news, major shareholder Jean Morris Adams sold 114,851 shares of Cal-Maine Foods stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $44.40, for a total value of $5,099,384.40. Following the sale, the insider now owns 1,199,895 shares of the company’s stock, valued at approximately $53,275,338. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 225,000 shares of company stock worth $10,027,482 in the last three months. Company insiders own 33.03% of the company’s stock.
Several analysts recently commented on the company. BidaskClub raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research downgraded Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 10th. Finally, ValuEngine raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cal-Maine Foods has an average rating of “Buy” and an average price target of $54.50.
CALM opened at $50.85 on Monday. Cal-Maine Foods Inc has a 1 year low of $37.55 and a 1 year high of $52.30. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 17.90 and a beta of 0.50.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Monday, July 23rd. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Cal-Maine Foods had a return on equity of 16.48% and a net margin of 8.38%. The firm had revenue of $443.10 million for the quarter, compared to the consensus estimate of $445.00 million. During the same quarter last year, the business posted ($0.51) EPS. The company’s revenue for the quarter was up 61.4% on a year-over-year basis. equities research analysts forecast that Cal-Maine Foods Inc will post 3.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Monday, August 6th were paid a $0.351 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, August 3rd. Cal-Maine Foods’s dividend payout ratio is 49.30%.
About Cal-Maine Foods
Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.
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