Cal-Maine Foods Inc (NASDAQ:CALM)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $40.50 and last traded at $40.59, with a volume of 6849 shares. The stock had previously closed at $41.09.
A number of brokerages recently issued reports on CALM. Stephens began coverage on Cal-Maine Foods in a report on Monday, March 4th. They issued an “equal weight” rating for the company. TheStreet lowered Cal-Maine Foods from a “b-” rating to a “c+” rating in a report on Friday, December 28th. ValuEngine lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Finally, BidaskClub lowered Cal-Maine Foods from a “hold” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.00.
The firm has a market capitalization of $1.99 billion, a PE ratio of 14.39 and a beta of 0.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Wednesday, May 1st will be issued a $0.272 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, April 30th. Cal-Maine Foods’s dividend payout ratio (DPR) is 21.13%.
In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,200 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $41.61, for a total transaction of $49,932.00. Following the completion of the transaction, the vice president now directly owns 10,690 shares of the company’s stock, valued at approximately $444,810.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James E. Poole sold 2,500 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $42.76, for a total value of $106,900.00. Following the transaction, the director now directly owns 8,222 shares of the company’s stock, valued at $351,572.72. The disclosure for this sale can be found here. Company insiders own 33.03% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc boosted its stake in shares of Cal-Maine Foods by 10.2% during the 3rd quarter. Legal & General Group Plc now owns 71,513 shares of the basic materials company’s stock worth $3,438,000 after acquiring an additional 6,629 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cal-Maine Foods by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,017,321 shares of the basic materials company’s stock worth $49,136,000 after acquiring an additional 17,249 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in shares of Cal-Maine Foods by 15.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,167,843 shares of the basic materials company’s stock worth $56,407,000 after acquiring an additional 154,184 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of Cal-Maine Foods during the 3rd quarter worth $503,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Cal-Maine Foods by 82.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,130 shares of the basic materials company’s stock worth $767,000 after acquiring an additional 8,179 shares in the last quarter. 64.67% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Cal-Maine Foods (CALM) Sets New 1-Year Low at $40.50” was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.baseballdailydigest.com/news/2019/04/24/cal-maine-foods-calm-sets-new-1-year-low-at-40-50.html.
About Cal-Maine Foods (NASDAQ:CALM)
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.
Featured Story: Cost of equity and a company’s balance sheet
Receive News & Ratings for Cal-Maine Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cal-Maine Foods and related companies with MarketBeat.com's FREE daily email newsletter.