New York State Teachers Retirement System Purchases 692 Shares of Cal-Maine Foods, Inc. $CALM

New York State Teachers Retirement System increased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 51,712 shares of the basic materials company’s stock after buying an additional 692 shares during the quarter. New York State Teachers Retirement System’s holdings in Cal-Maine Foods were worth $5,152,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Cal-Maine Foods in the first quarter valued at about $35,322,000. Jupiter Asset Management Ltd. raised its stake in Cal-Maine Foods by 336.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 487,214 shares of the basic materials company’s stock valued at $44,288,000 after purchasing an additional 375,604 shares during the period. Empowered Funds LLC raised its stake in Cal-Maine Foods by 315.2% during the 1st quarter. Empowered Funds LLC now owns 251,228 shares of the basic materials company’s stock valued at $22,837,000 after purchasing an additional 190,715 shares during the period. American Century Companies Inc. raised its stake in Cal-Maine Foods by 13.4% during the 1st quarter. American Century Companies Inc. now owns 1,436,943 shares of the basic materials company’s stock valued at $130,618,000 after purchasing an additional 170,322 shares during the period. Finally, Northern Trust Corp raised its stake in Cal-Maine Foods by 23.5% during the 1st quarter. Northern Trust Corp now owns 833,054 shares of the basic materials company’s stock valued at $75,725,000 after purchasing an additional 158,719 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Wall Street Analyst Weigh In

CALM has been the topic of several recent analyst reports. Stephens lifted their target price on Cal-Maine Foods from $108.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Cal-Maine Foods in a research note on Saturday, September 27th. Lake Street Capital set a $97.00 target price on Cal-Maine Foods in a research note on Friday, October 3rd. Finally, BMO Capital Markets decreased their target price on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Cal-Maine Foods Price Performance

NASDAQ:CALM opened at $91.25 on Tuesday. Cal-Maine Foods, Inc. has a 1 year low of $79.55 and a 1 year high of $126.40. The stock’s 50 day simple moving average is $103.89 and its two-hundred day simple moving average is $100.54. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 3.51 and a beta of 0.22.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.55 by ($0.43). Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.The firm had revenue of $922.60 million during the quarter, compared to the consensus estimate of $931.62 million. During the same period in the previous year, the firm earned $3.06 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. As a group, analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th will be paid a $1.37 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $5.48 dividend on an annualized basis and a yield of 6.0%. Cal-Maine Foods’s payout ratio is presently 36.22%.

Insider Transactions at Cal-Maine Foods

In related news, insider Keira L. Lombardo bought 2,800 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was purchased at an average price of $92.36 per share, for a total transaction of $258,608.00. Following the acquisition, the insider owned 3,738 shares in the company, valued at $345,241.68. This trade represents a 298.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by insiders.

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.