OMERS ADMINISTRATION Corp Sells 25,900 Shares of Cal-Maine Foods, Inc. $CALM

OMERS ADMINISTRATION Corp lessened its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 48.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,969 shares of the basic materials company’s stock after selling 25,900 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.06% of Cal-Maine Foods worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CALM. Avantax Advisory Services Inc. grew its position in Cal-Maine Foods by 7.3% during the first quarter. Avantax Advisory Services Inc. now owns 7,238 shares of the basic materials company’s stock valued at $658,000 after buying an additional 490 shares during the period. Cetera Investment Advisers increased its position in Cal-Maine Foods by 23.8% in the first quarter. Cetera Investment Advisers now owns 20,440 shares of the basic materials company’s stock worth $1,858,000 after purchasing an additional 3,931 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Cal-Maine Foods by 47.4% during the 1st quarter. Mackenzie Financial Corp now owns 24,823 shares of the basic materials company’s stock valued at $2,256,000 after purchasing an additional 7,987 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Cal-Maine Foods in the 1st quarter valued at $245,000. Finally, Empower Advisory Group LLC lifted its holdings in Cal-Maine Foods by 200.0% during the 1st quarter. Empower Advisory Group LLC now owns 6,864 shares of the basic materials company’s stock valued at $624,000 after buying an additional 4,576 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BMO Capital Markets decreased their target price on shares of Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating for the company in a research report on Friday, October 3rd. Benchmark initiated coverage on Cal-Maine Foods in a research note on Monday. They issued a “buy” rating and a $100.00 price objective for the company. Lake Street Capital set a $97.00 price objective on shares of Cal-Maine Foods in a research report on Friday, October 3rd. The Goldman Sachs Group reduced their price objective 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. Finally, Wall Street Zen lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 23rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.40.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Keira L. Lombardo bought 2,800 shares of Cal-Maine Foods stock in a transaction dated Thursday, October 2nd. The shares were bought at an average price of $92.36 per share, with a total value of $258,608.00. Following the purchase, the insider owned 3,738 shares of the company’s stock, valued at $345,241.68. This trade represents a 298.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.90% of the company’s stock.

Cal-Maine Foods Stock Up 0.4%

Shares of NASDAQ CALM opened at $83.63 on Tuesday. Cal-Maine Foods, Inc. has a 52-week low of $79.55 and a 52-week high of $126.40. The stock’s 50 day moving average price is $90.22 and its two-hundred day moving average price is $99.34. The stock has a market capitalization of $4.06 billion, a P/E ratio of 3.22 and a beta of 0.21.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Wednesday, October 1st. The basic materials company reported $4.12 EPS for the quarter, missing the consensus estimate of $4.55 by ($0.43). The firm had revenue of $922.60 million for the quarter, compared to the consensus estimate of $931.62 million. Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.Cal-Maine Foods’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.06 EPS. On average, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th were issued a $1.37 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $5.48 annualized dividend and a dividend yield of 6.6%. Cal-Maine Foods’s dividend payout ratio is presently 21.18%.

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.