US Bancorp DE reduced its position in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 2.2% in the 1st quarter, Holdings Channel reports. The firm owned 12,975 shares of the basic materials company’s stock after selling 287 shares during the period. US Bancorp DE’s holdings in Cal-Maine Foods were worth $579,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CALM. Diamond Hill Capital Management Inc. lifted its position in shares of Cal-Maine Foods by 97.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,060,049 shares of the basic materials company’s stock worth $44,840,000 after purchasing an additional 524,083 shares during the last quarter. Norges Bank purchased a new stake in shares of Cal-Maine Foods during the 4th quarter worth $17,686,000. APG Asset Management N.V. lifted its position in shares of Cal-Maine Foods by 217.9% during the 4th quarter. APG Asset Management N.V. now owns 560,098 shares of the basic materials company’s stock worth $20,725,000 after purchasing an additional 383,898 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cal-Maine Foods by 116.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 359,099 shares of the basic materials company’s stock worth $17,346,000 after purchasing an additional 192,912 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cal-Maine Foods by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,153,995 shares of the basic materials company’s stock worth $48,813,000 after purchasing an additional 136,674 shares during the last quarter. 64.06% of the stock is owned by institutional investors and hedge funds.

In related news, Director James E. Poole sold 2,500 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $42.76, for a total value of $106,900.00. Following the completion of the sale, the director now directly owns 8,222 shares of the company’s stock, valued at $351,572.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert L. Holladay, Jr. sold 1,200 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $41.61, for a total transaction of $49,932.00. Following the completion of the sale, the vice president now directly owns 10,690 shares of the company’s stock, valued at $444,810.90. The disclosure for this sale can be found here. 33.03% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on CALM shares. Stephens started coverage on shares of Cal-Maine Foods in a research report on Monday, March 4th. They set an “equal weight” rating for the company. BidaskClub cut shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. ValuEngine raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Cal-Maine Foods has an average rating of “Hold” and a consensus price target of $42.00.

CALM traded down $0.10 on Wednesday, reaching $41.07. The company had a trading volume of 5,827 shares, compared to its average volume of 307,666. Cal-Maine Foods Inc has a 1 year low of $36.65 and a 1 year high of $52.30. The stock has a market cap of $2.00 billion, a PE ratio of 14.43 and a beta of 0.34.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, April 1st. The basic materials company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.32. Cal-Maine Foods had a net margin of 9.57% and a return on equity of 15.09%. The firm had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $385.49 million. During the same period in the previous year, the company earned $1.99 earnings per share. Cal-Maine Foods’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts anticipate that Cal-Maine Foods Inc will post 1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Wednesday, May 1st were given a $0.272 dividend. The ex-dividend date was Tuesday, April 30th. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.15. This represents a $1.09 dividend on an annualized basis and a yield of 2.65%. Cal-Maine Foods’s payout ratio is 38.38%.

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Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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