Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Sold by Aviva PLC

Aviva PLC decreased its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) by 38.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,001 shares of the basic materials company’s stock after selling 10,773 shares during the quarter. Aviva PLC’s holdings in Cal-Maine Foods were worth $926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Cal-Maine Foods by 110.1% during the first quarter. JPMorgan Chase & Co. now owns 156,722 shares of the basic materials company’s stock valued at $8,654,000 after purchasing an additional 82,125 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Cal-Maine Foods by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 440,086 shares of the basic materials company’s stock worth $24,303,000 after buying an additional 7,494 shares during the period. US Bancorp DE boosted its holdings in Cal-Maine Foods by 39.1% during the first quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 308 shares during the period. Citigroup Inc. lifted its position in shares of Cal-Maine Foods by 9.2% during the 1st quarter. Citigroup Inc. now owns 32,638 shares of the basic materials company’s stock worth $1,803,000 after purchasing an additional 2,760 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Cal-Maine Foods by 113.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,444 shares of the basic materials company’s stock valued at $687,000 after buying an additional 6,625 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cal-Maine Foods news, EVP Charles Jeff Hardin sold 1,201 shares of Cal-Maine Foods stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $60.15, for a total transaction of $72,240.15. Following the sale, the executive vice president now directly owns 4,194 shares of the company’s stock, valued at $252,269.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.49% of the company’s stock.

Cal-Maine Foods Trading Up 0.3 %

Shares of NASDAQ:CALM opened at $48.12 on Monday. The firm has a market capitalization of $2.36 billion, a PE ratio of 3.10, a PEG ratio of 0.18 and a beta of -0.04. Cal-Maine Foods, Inc. has a 1-year low of $43.96 and a 1-year high of $65.32. The business’s 50 day moving average is $52.91 and its 200-day moving average is $55.51.

Cal-Maine Foods (NASDAQ:CALM – Get Rating) last posted its quarterly earnings results on Tuesday, March 28th. The basic materials company reported $6.62 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $1.53. Cal-Maine Foods had a net margin of 24.82% and a return on equity of 58.83%. The firm had revenue of $997.49 million for the quarter, compared to the consensus estimate of $898.93 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The business’s revenue was up 108.9% compared to the same quarter last year. On average, sell-side analysts predict that Cal-Maine Foods, Inc. will post 16.25 EPS for the current year.

Cal-Maine Foods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 11th. Investors of record on Wednesday, April 26th were paid a $2.20 dividend. The ex-dividend date of this dividend was Tuesday, April 25th. This represents a $8.80 dividend on an annualized basis and a yield of 18.29%. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $1.35. Cal-Maine Foods’s payout ratio is presently 56.74%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CALM. StockNews.com initiated coverage on shares of Cal-Maine Foods in a research note on Thursday. They issued a “buy” rating on the stock. Stephens lowered shares of Cal-Maine Foods from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $67.00 to $60.00 in a research report on Tuesday, April 25th.

Cal-Maine Foods 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.