10,440 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Purchased by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC acquired a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,440 shares of the basic materials company’s stock, valued at approximately $638,000.

Several other institutional investors and hedge funds also recently modified their holdings of CALM. Hantz Financial Services Inc. purchased a new stake in shares of Cal-Maine Foods in the second quarter valued at about $25,000. TFO Wealth Partners LLC lifted its holdings in shares of Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 648 shares in the last quarter. CWM LLC lifted its holdings 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 valued at $38,000 after purchasing an additional 341 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 valued at $41,000 after purchasing an additional 287 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of Cal-Maine Foods in the first quarter valued at about $46,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling

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

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $74.84 on Tuesday. The firm has a 50 day simple moving average of $70.97 and a 200-day simple moving average of $63.94. The firm has a market cap of $3.67 billion, a PE ratio of 13.27 and a beta of -0.10. Cal-Maine Foods, Inc. has a 1-year low of $42.25 and a 1-year high of $75.64.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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 quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 EPS.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio is presently 54.61%.

Wall Street Analysts Forecast Growth

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

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.