PBU The Pension Fund of Early Childhood & Youth Educators Takes Position in Cal-Maine Foods, Inc. $CALM

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 125,346 shares of the basic materials company’s stock, valued at approximately $9,974,000. PBU The Pension Fund of Early Childhood & Youth Educators owned about 0.26% of Cal-Maine Foods at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WealthCollab LLC raised its stake in Cal-Maine Foods by 105.2% in the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 221 shares during the last quarter. IFP Advisors Inc raised its stake in Cal-Maine Foods by 58.2% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 139 shares during the last quarter. Signaturefd LLC raised its stake in Cal-Maine Foods by 46.5% in the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 155 shares during the last quarter. National Bank of Canada FI purchased a new position in Cal-Maine Foods in the 3rd quarter worth $42,000. Finally, Quarry LP raised its stake in Cal-Maine Foods by 146.6% in the 3rd quarter. Quarry LP now owns 587 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CALM shares. BMO Capital Markets reduced their target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 25th. Stephens raised their target price on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Finally, Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.17.

View Our Latest Research Report on Cal-Maine Foods

Cal-Maine Foods Stock Performance

Shares of CALM opened at $75.65 on Friday. The business’s 50-day moving average is $76.91 and its two-hundred day moving average is $80.96. The company has a market capitalization of $3.58 billion, a P/E ratio of 5.27 and a beta of 0.26. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.

Cal-Maine Foods (NASDAQ:CALMGet Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The company had revenue of $666.95 million for the quarter, compared to the consensus estimate of $655.82 million. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The firm’s revenue for the quarter was down 53.0% compared to the same quarter last year. During the same period last year, the firm earned $10.39 EPS.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 9.97%.

Cal-Maine Foods Company Profile

(Free Report)

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.

See Also

Want to see what other hedge funds are holding CALM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cal-Maine Foods, Inc. (NASDAQ:CALMFree Report).

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

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.