PBU The Pension Fund of Early Childhood & Youth Educators Takes Position in Cal-Maine Foods, Inc. $CALM

PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 125,346 shares of the basic materials company’s stock, valued at approximately $9,974,000.

A number of other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Cal-Maine Foods by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,052,171 shares of the basic materials company’s stock valued at $193,118,000 after acquiring an additional 39,669 shares during the period. State Street Corp grew its position in shares of Cal-Maine Foods by 6.8% during the 2nd quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock valued at $171,038,000 after acquiring an additional 108,578 shares during the period. American Century Companies Inc. grew its position in shares of Cal-Maine Foods by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 1,618,491 shares of the basic materials company’s stock valued at $152,300,000 after acquiring an additional 54,757 shares during the period. Northern Trust Corp grew its position in shares of Cal-Maine Foods by 8.4% during the 3rd quarter. Northern Trust Corp now owns 900,466 shares of the basic materials company’s stock valued at $84,734,000 after acquiring an additional 70,063 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Cal-Maine Foods by 32.2% during the 4th quarter. Bank of New York Mellon Corp now owns 759,310 shares of the basic materials company’s stock valued at $60,418,000 after acquiring an additional 184,843 shares during the period. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a research report on Tuesday, May 26th. BMO Capital Markets decreased their price target on shares of 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. Finally, Stephens raised their price target on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.17.

Cal-Maine Foods Trading Up 1.6%

Shares of Cal-Maine Foods stock opened at $75.65 on Friday. The firm has a market capitalization of $3.58 billion, a PE ratio of 5.27 and a beta of 0.26. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40. The firm’s 50-day moving average price is $76.91 and its 200 day moving average price is $80.96.

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 for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $666.95 million for the quarter, compared to analyst estimates of $655.82 million. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. Cal-Maine Foods’s quarterly revenue was down 53.0% compared to the same quarter last year. During the same period last year, the company posted $10.39 EPS.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were paid a $0.36 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 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.