Wipfli Financial Advisors LLC Invests $61,000 in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Wipfli Financial Advisors LLC purchased a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALMGet Rating) during the 3rd quarter, HoldingsChannel reports. The fund purchased 1,103 shares of the basic materials company’s stock, valued at approximately $61,000.

Other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Cal-Maine Foods by 7.0% during the second quarter. Captrust Financial Advisors now owns 2,804 shares of the basic materials company’s stock worth $139,000 after acquiring an additional 183 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Cal-Maine Foods by 0.7% during the third quarter. Texas Permanent School Fund now owns 27,305 shares of the basic materials company’s stock worth $1,518,000 after acquiring an additional 187 shares during the last quarter. Eagle Bay Advisors LLC raised its position in shares of Cal-Maine Foods by 34.5% during the second quarter. Eagle Bay Advisors LLC now owns 733 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 188 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Cal-Maine Foods by 1.2% during the first quarter. Allianz Asset Management GmbH now owns 20,969 shares of the basic materials company’s stock worth $1,158,000 after acquiring an additional 241 shares during the last quarter. Finally, Canvas Wealth Advisors LLC raised its position in shares of Cal-Maine Foods by 1.0% during the second quarter. Canvas Wealth Advisors LLC now owns 25,591 shares of the basic materials company’s stock worth $1,264,000 after acquiring an additional 244 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Cal-Maine Foods Trading Down 1.2 %

NASDAQ:CALM opened at $54.10 on Friday. Cal-Maine Foods, Inc. has a 1 year low of $38.25 and a 1 year high of $65.32. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.19 and a beta of -0.09. The stock has a 50-day moving average price of $57.46 and a two-hundred day moving average price of $56.03.

Cal-Maine Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Wednesday, January 25th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 9.98%. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Tuesday, January 24th. Cal-Maine Foods’s payout ratio is presently 35.15%.

Wall Street Analyst Weigh In

CALM has been the subject of a number of analyst reports. Bank of America decreased their price objective on Cal-Maine Foods from $55.00 to $50.00 in a research note on Wednesday, September 28th. StockNews.com initiated coverage on Cal-Maine Foods in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Stephens lifted their price objective on Cal-Maine Foods to $67.00 in a research note on Thursday, September 29th.

Insider Buying and Selling at Cal-Maine Foods

In other Cal-Maine Foods news, Director James E. Poole sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $59.45, for a total value of $297,250.00. Following the completion of the transaction, the director now directly owns 10,909 shares of the company’s stock, valued at $648,540.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.49% of the company’s stock.

Cal-Maine Foods Company Profile

(Get Rating)

Cal-Maine Foods, Inc engages in the production, grading, packing, marketing, and distribution of fresh shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers.

Further Reading

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

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