5,799 Shares in Cal-Maine Foods, Inc. $CALM Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC bought a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,799 shares of the basic materials company's stock, valued at approximately $578,000.

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Several other institutional investors and hedge funds also recently made changes to their positions in CALM. IFP Advisors Inc raised its position in shares of Cal-Maine Foods by 195.1% during the second quarter. IFP Advisors Inc now owns 239 shares of the basic materials company's stock worth $25,000 after acquiring an additional 158 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Cal-Maine Foods during the 1st quarter valued at approximately $52,000. AdvisorNet Financial Inc bought a new position in Cal-Maine Foods during the 2nd quarter worth approximately $54,000. Quarry LP raised its holdings in Cal-Maine Foods by 1,470.5% during the 1st quarter. Quarry LP now owns 691 shares of the basic materials company's stock worth $63,000 after purchasing an additional 647 shares during the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of Cal-Maine Foods in the 2nd quarter worth approximately $82,000. Institutional investors and hedge funds own 84.67% of the company's stock.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, insider Keira L. Lombardo purchased 2,800 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was acquired at an average price of $92.36 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

• Cal-Maine Foods: A Defensive Play With a Cage-Free Future

A number of brokerages have commented on CALM. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Cal-Maine Foods in a research report on Monday. The Goldman Sachs Group cut their target price on Cal-Maine Foods from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, October 3rd. Wall Street Zen cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. 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. Finally, Lake Street Capital set a $97.00 price target on Cal-Maine Foods in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $101.75.

Read Our Latest Research Report on Cal-Maine Foods

Cal-Maine Foods Price Performance

• Egg Prices Surge: 3 Stocks Set to Benefit from Rising PPI Trends

Shares of Cal-Maine Foods stock opened at $82.99 on Friday. The business has a 50-day simple moving average of $90.87 and a 200 day simple moving average of $99.43. Cal-Maine Foods, Inc. has a one year low of $79.55 and a one year high of $126.40. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 3.19 and a beta of 0.21.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.55 by ($0.43). The firm had revenue of $922.60 million during 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%.The firm's revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.06 EPS. On average, sell-side analysts expect 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. Investors of record on Wednesday, October 29th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Wednesday, October 29th. Cal-Maine Foods's dividend payout ratio (DPR) is currently 21.18%.

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.

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