Swiss National Bank Has $8.31 Million Holdings in Cal-Maine Foods, Inc. $CALM

Swiss National Bank grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 83,400 shares of the basic materials company’s stock after purchasing an additional 2,000 shares during the period. Swiss National Bank’s holdings in Cal-Maine Foods were worth $8,309,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CALM. Nuveen LLC purchased a new position in Cal-Maine Foods in the first quarter worth $35,322,000. Jupiter Asset Management Ltd. increased its holdings in Cal-Maine Foods by 336.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 487,214 shares of the basic materials company’s stock worth $44,288,000 after acquiring an additional 375,604 shares during the last quarter. Empowered Funds LLC increased its holdings in Cal-Maine Foods by 315.2% in the 1st quarter. Empowered Funds LLC now owns 251,228 shares of the basic materials company’s stock worth $22,837,000 after acquiring an additional 190,715 shares during the last quarter. American Century Companies Inc. raised its stake in Cal-Maine Foods by 13.4% in 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 acquiring an additional 170,322 shares during the period. Finally, Northern Trust Corp lifted its holdings in Cal-Maine Foods by 23.5% during the first 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 last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. The Goldman Sachs Group reduced their price target on shares of Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. BMO Capital Markets lowered their price objective on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating for the company in a research report on Friday, October 3rd. Lake Street Capital set a $97.00 price target on Cal-Maine Foods in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Cal-Maine Foods in a research note on Monday, November 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.75.

Cal-Maine Foods Trading Up 0.4%

NASDAQ:CALM opened at $83.33 on Friday. The business’s 50-day moving average is $90.53 and its 200 day moving average is $99.40. Cal-Maine Foods, Inc. has a 12 month low of $79.55 and a 12 month high of $126.40. The company has a market capitalization of $4.04 billion, a P/E ratio of 3.20 and a beta of 0.21.

Cal-Maine Foods (NASDAQ:CALM) last issued 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 net margin of 28.86% and a return on equity of 52.31%. The company had revenue of $922.60 million for the quarter, compared to analysts’ expectations of $931.62 million. During the same quarter last year, the company earned $3.06 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Wednesday, October 29th were paid a $1.37 dividend. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $5.48 annualized dividend and a yield of 6.6%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 21.18%.

Insider Transactions at Cal-Maine Foods

In other Cal-Maine Foods news, insider Keira L. Lombardo bought 2,800 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was acquired at an average price of $92.36 per share, for a total transaction of $258,608.00. Following the completion of the transaction, the insider directly owned 3,738 shares of the company’s stock, valued at approximately $345,241.68. This represents a 298.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.