Vest Financial LLC Buys 9,365 Shares of Cal-Maine Foods, Inc. $CALM

Vest Financial LLC raised its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 17.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 62,193 shares of the basic materials company’s stock after acquiring an additional 9,365 shares during the quarter. Vest Financial LLC’s holdings in Cal-Maine Foods were worth $4,949,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after buying an additional 139 shares in the last quarter. WealthCollab LLC raised its holdings in Cal-Maine Foods by 105.2% during the fourth quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after buying an additional 221 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Cal-Maine Foods in the third quarter worth about $42,000. Signaturefd LLC increased its stake in shares of Cal-Maine Foods by 46.5% in the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 155 shares during the period. Finally, Quarry LP increased its stake in shares of Cal-Maine Foods by 146.6% in the third quarter. Quarry LP now owns 587 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 349 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stephens lifted their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. Finally, BMO Capital Markets dropped their price objective on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.00.

Cal-Maine Foods Stock Down 2.9%

Shares of CALM opened at $75.07 on Thursday. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 5.23 and a beta of 0.32. The stock’s 50-day moving average price is $81.15 and its 200 day moving average price is $83.31.

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

Cal-Maine Foods Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, April 29th. Cal-Maine Foods’s payout ratio is currently 9.90%.

Cal-Maine Foods 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. 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.