Cal-Maine Foods, Inc. (NASDAQ:CALM) Stake Decreased by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,915 shares of the basic materials company’s stock after selling 606 shares during the period. Sei Investments Co. owned approximately 0.05% of Cal-Maine Foods worth $1,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Verition Fund Management LLC grew its stake in shares of Cal-Maine Foods by 38.4% in the fourth quarter. Verition Fund Management LLC now owns 239,587 shares of the basic materials company’s stock worth $13,750,000 after purchasing an additional 66,435 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Cal-Maine Foods by 65.7% in the 1st quarter. BNP Paribas Financial Markets now owns 55,362 shares of the basic materials company’s stock worth $3,258,000 after acquiring an additional 21,956 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Cal-Maine Foods by 362.8% in the second quarter. SG Americas Securities LLC now owns 15,801 shares of the basic materials company’s stock valued at $966,000 after acquiring an additional 12,387 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Cal-Maine Foods by 748.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 790,266 shares of the basic materials company’s stock valued at $45,353,000 after acquiring an additional 697,170 shares during the period. Finally, Duality Advisers LP raised its holdings in Cal-Maine Foods by 95.2% during the first quarter. Duality Advisers LP now owns 26,792 shares of the basic materials company’s stock worth $1,577,000 after purchasing an additional 13,064 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $84.57 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $43.50 and a 1 year high of $84.67. The business’s fifty day moving average is $71.82 and its two-hundred day moving average is $64.42. The stock has a market capitalization of $4.15 billion, a P/E ratio of 14.99 and a beta of -0.10.

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

Cal-Maine Foods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Wednesday, October 30th will be paid a $1.02 dividend. This is a positive change from Cal-Maine Foods’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $4.08 dividend on an annualized basis and a yield of 4.82%. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 54.61%.

Insiders Place Their Bets

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the sale, the vice president now owns 16,754 shares of the company’s stock, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Cal-Maine Foods news, COO Michael Todd Walters sold 3,000 shares of Cal-Maine Foods stock in a transaction 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 owns 5,310 shares of the company’s stock, valued at $372,762. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,000 shares of company stock worth $422,970. Corporate insiders own 13.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stephens assumed coverage on Cal-Maine Foods in a research note on Thursday. They set an “equal weight” rating and a $82.00 price target for the company. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, 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 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.