Accurate Wealth Management LLC Sells 302 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Accurate Wealth Management LLC trimmed its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,661 shares of the basic materials company’s stock after selling 302 shares during the quarter. Accurate Wealth Management LLC’s holdings in Cal-Maine Foods were worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CALM. Hantz Financial Services Inc. bought a new stake in Cal-Maine Foods during the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC boosted its holdings in shares of Cal-Maine Foods by 57.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at about $33,000. Quarry LP boosted its holdings in shares of Cal-Maine Foods by 1,975.0% during the 2nd quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 553 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Cal-Maine Foods by 120.1% during the 2nd quarter. CWM LLC now owns 625 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 341 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CALM has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a report on Wednesday, July 17th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Thursday, October 3rd. Finally, Stephens initiated coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock.

Insider Buying and Selling

In related news, Director James E. Poole sold 1,500 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $70.65, for a total value of $105,975.00. Following the sale, the director now owns 10,170 shares in the company, valued at approximately $718,510.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cal-Maine Foods news, Director James E. Poole sold 1,500 shares of Cal-Maine Foods stock in a transaction on Friday, July 26th. The shares were sold at an average price of $70.65, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael Todd Walters sold 3,000 shares of Cal-Maine Foods stock in a transaction 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 directly owns 5,310 shares of the company’s stock, valued at $372,762. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,000 shares of company stock worth $422,970. Insiders own 13.51% of the company’s stock.

Cal-Maine Foods Trading Down 1.7 %

CALM opened at $92.76 on Friday. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 16.45 and a beta of -0.10. The company’s 50 day moving average is $75.88 and its 200 day moving average is $66.56. Cal-Maine Foods, Inc. has a 12-month low of $44.30 and a 12-month high of $95.06.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, October 1st. The basic materials company reported $3.06 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.30). The firm had revenue of $785.87 million for the quarter, compared to analysts’ expectations of $704.65 million. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. Cal-Maine Foods’s revenue for the quarter was up 71.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.32%. The ex-dividend date was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio is presently 72.16%.

Cal-Maine Foods Company 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.