Seven Eight Capital LP Purchases 1,822 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Seven Eight Capital LP lifted its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,758 shares of the basic materials company’s stock after buying an additional 1,822 shares during the period. Seven Eight Capital LP’s holdings in Cal-Maine Foods were worth $535,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Arizona State Retirement System increased its position in shares of Cal-Maine Foods by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock valued at $719,000 after buying an additional 230 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Cal-Maine Foods by 4.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 5,554 shares of the basic materials company’s stock valued at $339,000 after buying an additional 249 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Cal-Maine Foods by 37.6% in the 4th quarter. Quadrant Capital Group LLC now owns 941 shares of the basic materials company’s stock valued at $54,000 after buying an additional 257 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cal-Maine Foods by 73.8% in the 2nd quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $41,000 after buying an additional 287 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Cal-Maine Foods by 5.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 5,129 shares of the basic materials company’s stock valued at $313,000 after buying an additional 287 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 1.4 %

Shares of NASDAQ CALM opened at $74.73 on Friday. The firm has a market cap of $3.66 billion, a PE 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. The company has a fifty day moving average price of $69.81 and a 200 day moving average price of $63.24.

Cal-Maine Foods (NASDAQ:CALM) last announced its earnings results on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share 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 analyst estimates of $652.32 million. Cal-Maine Foods had a return on equity of 16.46% and a net margin of 11.94%. Cal-Maine Foods’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company 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. Stockholders of record on Monday, August 5th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.12%. Cal-Maine Foods’s dividend payout ratio is 54.61%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Cal-Maine Foods

In other news, VP Robert L. Holladay, Jr. sold 1,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the transaction, the vice president now directly owns 16,754 shares in the company, valued at approximately $1,188,361.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Michael Todd Walters sold 3,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $70.20, for a total transaction of $210,600.00. Following the completion of the transaction, the chief operating officer now directly owns 5,310 shares in the company, valued at approximately $372,762. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total transaction of $106,395.00. Following the completion of the sale, the vice president now directly owns 16,754 shares in the company, valued at $1,188,361.22. The disclosure for this sale can be found here. Insiders sold a total of 6,000 shares of company stock worth $422,970 in the last three months. Insiders own 13.51% of the company’s stock.

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.