6,056 Shares in Cal-Maine Foods, Inc. $CALM Bought by Atria Investments Inc

Atria Investments Inc acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 6,056 shares of the basic materials company’s stock, valued at approximately $603,000.

A number of other large investors have also added to or reduced their stakes in CALM. Nuveen LLC bought a new stake in shares of Cal-Maine Foods in the 1st quarter valued at about $35,322,000. Jupiter Asset Management Ltd. lifted its position in Cal-Maine Foods by 336.5% during the first quarter. Jupiter Asset Management Ltd. now owns 487,214 shares of the basic materials company’s stock valued at $44,288,000 after acquiring an additional 375,604 shares during the last quarter. Empowered Funds LLC boosted its stake in Cal-Maine Foods by 315.2% in the first quarter. Empowered Funds LLC now owns 251,228 shares of the basic materials company’s stock valued at $22,837,000 after acquiring an additional 190,715 shares in the last quarter. American Century Companies Inc. grew its holdings in Cal-Maine Foods by 13.4% in the first quarter. American Century Companies Inc. now owns 1,436,943 shares of the basic materials company’s stock worth $130,618,000 after purchasing an additional 170,322 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Cal-Maine Foods by 23.5% during the first quarter. Northern Trust Corp now owns 833,054 shares of the basic materials company’s stock worth $75,725,000 after purchasing an additional 158,719 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Cal-Maine Foods Stock Up 0.9%

Cal-Maine Foods stock opened at $88.72 on Monday. The stock has a 50-day moving average price of $97.23 and a 200 day moving average price of $100.15. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 3.41 and a beta of 0.21. Cal-Maine Foods, Inc. has a 52 week low of $79.55 and a 52 week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings results on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.55 by ($0.43). Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.The business had revenue of $922.60 million for the quarter, compared to analysts’ expectations of $931.62 million. During the same period in the prior year, the business posted $3.06 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. Research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, October 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 21.18%.

Analyst Ratings Changes

Several research analysts recently weighed in on CALM shares. The Goldman Sachs Group dropped their target price on Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. BMO Capital Markets dropped their price target on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Cal-Maine Foods in a report on Saturday, September 27th. Lake Street Capital set a $97.00 target price on shares of Cal-Maine Foods in a research report on Friday, October 3rd. Finally, Wall Street Zen lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.75.

Insider Buying and Selling at Cal-Maine Foods

In related news, insider Keira L. Lombardo acquired 2,800 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was acquired at an average price of $92.36 per share, with a total value of $258,608.00. Following the acquisition, the insider directly owned 3,738 shares in the company, valued at $345,241.68. This represents a 298.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

About Cal-Maine Foods

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.