Dimensional Fund Advisors LP Grows Stake in Cal-Maine Foods, Inc. $CALM

Dimensional Fund Advisors LP boosted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,519,483 shares of the basic materials company’s stock after purchasing an additional 300,910 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Cal-Maine Foods worth $199,416,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CALM. State Street Corp lifted its stake in Cal-Maine Foods by 6.8% in 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 buying an additional 108,578 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Cal-Maine Foods by 8.8% during the fourth quarter. First Trust Advisors LP now owns 1,196,535 shares of the basic materials company’s stock valued at $95,208,000 after buying an additional 96,589 shares during the period. Morgan Stanley grew its position in shares of Cal-Maine Foods by 9.4% in the fourth quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock valued at $77,832,000 after purchasing an additional 84,124 shares during the period. Northern Trust Corp lifted its holdings 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 worth $84,734,000 after acquiring an additional 70,063 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings 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 worth $60,418,000 after acquiring an additional 184,843 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of CALM opened at $90.32 on Friday. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $117.45. The stock has a 50-day moving average price of $80.57 and a 200 day moving average price of $80.49. The company has a market capitalization of $4.28 billion, a P/E ratio of 13.79 and a beta of 0.25.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Wednesday, July 22nd. The basic materials company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.84). The business had revenue of $552.58 million for the quarter, compared to analysts’ expectations of $563.83 million. Cal-Maine Foods had a return on equity of 11.79% and a net margin of 10.88%.Cal-Maine Foods’s revenue for the quarter was down 49.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.04 earnings per share.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on Cal-Maine Foods from $75.00 to $83.00 and gave the stock a “market perform” rating in a research report on Thursday. Wall Street Zen lowered shares of Cal-Maine Foods from a “hold” rating to a “sell” rating in a research report on Saturday. Stephens decreased their price target on shares of Cal-Maine Foods from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a report on Monday, July 13th. Finally, Weiss Ratings lowered Cal-Maine Foods from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $94.71.

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.