American International Group Inc. Cuts Stake in Cal-Maine Foods Inc (CALM)

American International Group Inc. decreased its position in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,100 shares of the basic materials company’s stock after selling 283 shares during the period. American International Group Inc.’s holdings in Cal-Maine Foods were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Cal-Maine Foods by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 347,632 shares of the basic materials company’s stock valued at $14,704,000 after acquiring an additional 26,728 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cal-Maine Foods by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,153,995 shares of the basic materials company’s stock worth $48,813,000 after buying an additional 136,674 shares during the period. Hsbc Holdings PLC increased its position in shares of Cal-Maine Foods by 0.7% during the fourth quarter. Hsbc Holdings PLC now owns 50,384 shares of the basic materials company’s stock worth $2,131,000 after buying an additional 371 shares during the period. Bessemer Group Inc. increased its position in shares of Cal-Maine Foods by 72.2% during the fourth quarter. Bessemer Group Inc. now owns 55,700 shares of the basic materials company’s stock worth $2,356,000 after buying an additional 23,361 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Cal-Maine Foods by 5.0% during the fourth quarter. Great West Life Assurance Co. Can now owns 38,628 shares of the basic materials company’s stock worth $1,508,000 after buying an additional 1,855 shares during the period. 64.67% of the stock is owned by institutional investors.

Several research firms have recently weighed in on CALM. Stephens assumed coverage on shares of Cal-Maine Foods in a research report on Monday, March 4th. They set an “equal weight” rating for the company. TheStreet lowered shares of Cal-Maine Foods from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. ValuEngine lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Finally, BidaskClub downgraded shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.00.

In other Cal-Maine Foods news, Director James E. Poole sold 2,500 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $42.76, for a total transaction of $106,900.00. Following the transaction, the director now owns 8,222 shares in the company, valued at approximately $351,572.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert L. Holladay, Jr. sold 1,200 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $41.61, for a total transaction of $49,932.00. Following the transaction, the vice president now owns 10,690 shares in the company, valued at approximately $444,810.90. The disclosure for this sale can be found here. Insiders own 33.03% of the company’s stock.

Cal-Maine Foods stock traded up $0.77 during mid-day trading on Wednesday, hitting $41.64. 260,548 shares of the company traded hands, compared to its average volume of 305,975. The firm has a market cap of $1.99 billion, a PE ratio of 14.66 and a beta of 0.32. Cal-Maine Foods Inc has a one year low of $40.37 and a one year high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Monday, April 1st. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.32. The business had revenue of $383.99 million for the quarter, compared to the consensus estimate of $385.49 million. Cal-Maine Foods had a net margin of 9.57% and a return on equity of 15.09%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.99 EPS. Analysts anticipate that Cal-Maine Foods Inc will post 1.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Wednesday, May 1st will be paid a $0.272 dividend. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, April 30th. This represents a $1.09 dividend on an annualized basis and a yield of 2.61%. Cal-Maine Foods’s payout ratio is presently 21.13%.

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Cal-Maine Foods Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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