Buck Wealth Strategies LLC Has $3.90 Million Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Buck Wealth Strategies LLC lowered its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 21.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,832 shares of the basic materials company’s stock after selling 17,197 shares during the quarter. Buck Wealth Strategies LLC owned 0.13% of Cal-Maine Foods worth $3,901,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of Cal-Maine Foods in the 2nd quarter valued at $25,000. TFO Wealth Partners LLC raised its position in Cal-Maine Foods by 32,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 650 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 648 shares in the last quarter. CWM LLC lifted its stake in Cal-Maine Foods by 120.1% during the second quarter. CWM LLC now owns 625 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 341 shares during the period. GAMMA Investing LLC boosted its holdings in Cal-Maine Foods by 73.8% during the second quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 287 shares in the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of Cal-Maine Foods in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director James E. Poole sold 1,500 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $70.65, for a total transaction of $105,975.00. Following the transaction, the director now owns 10,170 shares in the company, valued at approximately $718,510.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Cal-Maine Foods news, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the completion of the transaction, the director now directly owns 10,170 shares of the company’s stock, valued at $718,510.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Michael Todd Walters sold 3,000 shares of the company’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 in the company, valued at $372,762. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,000 shares of company stock worth $422,970. 13.51% of the stock is owned by corporate insiders.

Cal-Maine Foods Stock Up 1.9 %

Shares of Cal-Maine Foods stock opened at $74.65 on Friday. The stock has a market capitalization of $3.66 billion, a P/E ratio of 13.24 and a beta of -0.10. Cal-Maine Foods, Inc. has a 12-month low of $42.25 and a 12-month high of $75.64. The company has a 50-day simple moving average of $70.76 and a 200 day simple moving average of $63.80.

Cal-Maine Foods (NASDAQ:CALM) last posted its 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 firm had revenue of $640.80 million during the quarter, compared to the consensus estimate of $652.32 million. Cal-Maine Foods had a net margin of 11.94% and a return on equity of 16.46%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS.

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 5th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Monday, August 5th. Cal-Maine Foods’s payout ratio is presently 54.61%.

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.