Oppenheimer & Co. Inc. boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,823 shares of the basic materials company’s stock after acquiring an additional 1,050 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cal-Maine Foods were worth $435,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in CALM. Signaturefd LLC increased its position in Cal-Maine Foods by 118.8% in the 3rd quarter. Signaturefd LLC now owns 466 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 253 shares during the period. Quadrant Capital Group LLC increased its position in Cal-Maine Foods by 795.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 564 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 501 shares during the period. Guardian Wealth Advisors LLC acquired a new position in Cal-Maine Foods in the 3rd quarter valued at about $35,000. Eagle Bay Advisors LLC increased its position in Cal-Maine Foods by 34.5% in the 2nd quarter. Eagle Bay Advisors LLC now owns 733 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 188 shares during the period. Finally, Wipfli Financial Advisors LLC acquired a new position in Cal-Maine Foods in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 88.78% of the company’s stock.
Cal-Maine Foods Stock Down 1.7 %
Shares of CALM stock opened at $58.39 on Friday. The stock’s 50-day moving average price is $56.77 and its 200 day moving average price is $56.80. Cal-Maine Foods, Inc. has a 52-week low of $43.08 and a 52-week high of $65.32. The stock has a market capitalization of $2.86 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.17 and a beta of -0.05.
Cal-Maine Foods Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 9th. Shareholders of record on Wednesday, January 25th were given a dividend of $1.35 per share. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Tuesday, January 24th. This represents a $5.40 annualized dividend and a yield of 9.25%. Cal-Maine Foods’s payout ratio is presently 55.67%.
Insiders Place Their Bets
In other Cal-Maine Foods news, Director Letitia Callender Hughes sold 1,180 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $54.70, for a total transaction of $64,546.00. Following the transaction, the director now owns 42,727 shares in the company, valued at approximately $2,337,166.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.49% of the stock is currently owned by insiders.
Cal-Maine Foods Profile
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.
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