Dimensional Fund Advisors LP Raises Stock Position in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Dimensional Fund Advisors LP boosted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,616,011 shares of the basic materials company’s stock after purchasing an additional 114,995 shares during the period. Dimensional Fund Advisors LP owned approximately 5.33% of Cal-Maine Foods worth $159,863,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CALM. Wasatch Advisors LP purchased a new position in Cal-Maine Foods during the fourth quarter worth about $47,771,000. Balyasny Asset Management L.P. raised its stake in Cal-Maine Foods by 748.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 790,266 shares of the basic materials company’s stock worth $45,353,000 after purchasing an additional 697,170 shares during the period. Hodges Capital Management Inc. raised its stake in Cal-Maine Foods by 129.0% during the first quarter. Hodges Capital Management Inc. now owns 154,225 shares of the basic materials company’s stock worth $9,076,000 after purchasing an additional 86,870 shares during the period. American Century Companies Inc. raised its stake in Cal-Maine Foods by 8.9% during the second quarter. American Century Companies Inc. now owns 1,013,713 shares of the basic materials company’s stock worth $61,948,000 after purchasing an additional 82,772 shares during the period. Finally, Buck Wealth Strategies LLC raised its stake in Cal-Maine Foods by 762.0% during the first quarter. Buck Wealth Strategies LLC now owns 81,029 shares of the basic materials company’s stock worth $4,769,000 after purchasing an additional 71,629 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $74.73 on Friday. The company’s 50 day simple moving average is $69.58 and its 200-day simple moving average is $63.07. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 13.25 and a beta of -0.10. Cal-Maine Foods, Inc. has a 1 year low of $42.25 and a 1 year high of $75.12.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $640.80 million during the quarter, compared to analysts’ expectations of $652.32 million. Cal-Maine Foods had a net margin of 11.94% and a return on equity of 16.46%. Cal-Maine Foods’s revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share.

Cal-Maine Foods Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 54.61%.

Insider Activity at Cal-Maine Foods

In related news, COO Michael Todd Walters sold 3,000 shares of Cal-Maine Foods stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total value of $210,600.00. Following the completion of the transaction, the chief operating officer now owns 5,310 shares in the company, valued at $372,762. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Robert L. Holladay, Jr. sold 1,500 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now owns 16,754 shares in the company, valued at $1,188,361.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael Todd Walters sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total transaction of $210,600.00. Following the transaction, the chief operating officer now owns 5,310 shares of the company’s stock, valued at approximately $372,762. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,000 shares of company stock worth $422,970. Corporate insiders own 13.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a research note on Wednesday, July 17th.

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.