Sanctuary Advisors LLC decreased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 86.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,038 shares of the basic materials company’s stock after selling 19,058 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cal-Maine Foods were worth $242,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in CALM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cal-Maine Foods by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock valued at $2,218,000 after acquiring an additional 1,057 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Cal-Maine Foods by 100.8% during the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock valued at $726,000 after acquiring an additional 4,009 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Cal-Maine Foods during the 1st quarter valued at $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cal-Maine Foods by 10.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock valued at $7,765,000 after acquiring an additional 7,736 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Cal-Maine Foods by 323.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 830 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have commented on CALM shares. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. BMO Capital Markets lowered their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, March 25th. Stephens upped their price objective on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.00.
Cal-Maine Foods Stock Down 0.8%
CALM opened at $75.45 on Tuesday. Cal-Maine Foods, Inc. has a 12 month low of $71.92 and a 12 month high of $126.40. The company has a fifty day simple moving average of $80.21 and a 200 day simple moving average of $82.57. The stock has a market cap of $3.57 billion, a P/E ratio of 5.26 and a beta of 0.28.
Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. The business had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. During the same quarter in the prior year, the company earned $10.39 EPS. The firm’s quarterly revenue was down 53.0% on a year-over-year basis.
Cal-Maine Foods Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. Cal-Maine Foods’s dividend payout ratio is presently 9.97%.
About Cal-Maine Foods
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.
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