Y Intercept Hong Kong Ltd Grows Holdings in Cal-Maine Foods, Inc. $CALM

Y Intercept Hong Kong Ltd grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 139.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,478 shares of the basic materials company’s stock after buying an additional 65,988 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.24% of Cal-Maine Foods worth $9,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Cal-Maine Foods by 12.8% during the second quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock valued at $101,000 after buying an additional 116 shares in the last quarter. Xponance Inc. boosted its stake in Cal-Maine Foods by 3.4% during the third quarter. Xponance Inc. now owns 3,694 shares of the basic materials company’s stock valued at $348,000 after buying an additional 123 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in Cal-Maine Foods by 0.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 23,884 shares of the basic materials company’s stock valued at $1,900,000 after buying an additional 131 shares in the last quarter. IFP Advisors Inc boosted its stake 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. Finally, Axxcess Wealth Management LLC boosted its stake in Cal-Maine Foods by 6.3% during the third quarter. Axxcess Wealth Management LLC now owns 2,454 shares of the basic materials company’s stock valued at $231,000 after buying an additional 145 shares in the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CALM shares. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a research note on Tuesday, May 26th. BMO Capital Markets decreased their price target on 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Finally, Stephens increased their price target on 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. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.17.

Cal-Maine Foods Stock Down 2.2%

NASDAQ:CALM opened at $78.10 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $126.40. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 5.44 and a beta of 0.26. The stock has a fifty day simple moving average of $76.79 and a 200 day simple moving average of $80.64.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $655.82 million. During the same period last year, the company posted $10.39 EPS. The business’s quarterly revenue was down 53.0% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.8%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 9.97%.

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.