Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. lowered its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 28,261 shares of the basic materials company’s stock after selling 652 shares during the quarter. Cozad Asset Management Inc.’s holdings in Cal-Maine Foods were worth $1,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp lifted its position in shares of Cal-Maine Foods by 35.5% during the 4th quarter. Truist Financial Corp now owns 10,218 shares of the basic materials company’s stock valued at $586,000 after acquiring an additional 2,675 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Cal-Maine Foods by 11.3% during the fourth quarter. Victory Capital Management Inc. now owns 39,575 shares of the basic materials company’s stock worth $2,271,000 after purchasing an additional 4,012 shares during the period. National Bank of Canada FI raised its stake in shares of Cal-Maine Foods by 2.3% in the fourth quarter. National Bank of Canada FI now owns 9,547 shares of the basic materials company’s stock valued at $541,000 after acquiring an additional 218 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cal-Maine Foods by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 528,469 shares of the basic materials company’s stock valued at $30,329,000 after acquiring an additional 29,802 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Cal-Maine Foods in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted 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 Trading Down 3.0 %

Shares of Cal-Maine Foods stock opened at $68.94 on Thursday. Cal-Maine Foods, Inc. has a 1-year low of $42.25 and a 1-year high of $72.70. The company has a market cap of $3.38 billion, a PE ratio of 12.22 and a beta of -0.10. The company has a 50 day moving average of $67.88 and a 200-day moving average of $62.15.

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

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s payout ratio is presently 54.61%.

Insider Buying and Selling

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the transaction, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction 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 approximately $372,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at approximately $1,188,361.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,000 shares of company stock worth $422,970. 13.51% of the stock is owned by 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.