AE Wealth Management LLC Acquires 12,917 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

AE Wealth Management LLC lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 267.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,747 shares of the basic materials company’s stock after purchasing an additional 12,917 shares during the period. AE Wealth Management LLC’s holdings in Cal-Maine Foods were worth $1,085,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in Cal-Maine Foods in the 2nd quarter valued at $25,000. Cape Investment Advisory Inc. acquired a new stake in Cal-Maine Foods in the fourth quarter worth about $32,000. TFO Wealth Partners LLC raised its holdings in Cal-Maine Foods by 32,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 648 shares during the last quarter. CWM LLC lifted its position in Cal-Maine Foods by 120.1% during the 2nd 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. Finally, GAMMA Investing LLC lifted its position in Cal-Maine Foods by 73.8% during the 2nd 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. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the stock a “sell” rating in a research note on Wednesday, July 17th.

Cal-Maine Foods Trading Up 0.4 %

NASDAQ CALM opened at $74.90 on Wednesday. Cal-Maine Foods, Inc. has a 12 month low of $42.25 and a 12 month high of $75.64. The company has a market capitalization of $3.67 billion, a PE ratio of 13.28 and a beta of -0.10. The stock has a 50-day simple moving average of $70.26 and a 200 day simple moving average of $63.52.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The firm had revenue of $640.80 million during the quarter, compared to analyst estimates of $652.32 million. Cal-Maine Foods had a net margin of 11.94% and a return on equity of 16.46%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share.

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 given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio is currently 54.61%.

Insider Buying and Selling

In other Cal-Maine Foods news, Director James E. Poole sold 1,500 shares of the business’s 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 completion of the transaction, the director now directly owns 10,170 shares of the company’s stock, valued at $718,510.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of Cal-Maine Foods stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the transaction, the chief operating officer now owns 5,310 shares of the company’s stock, valued at $372,762. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Poole sold 1,500 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $718,510.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,000 shares of company stock valued at $422,970. 13.51% of the stock is owned by company insiders.

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.