Cal-Maine Foods, Inc. $CALM Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,500 shares of the basic materials company’s stock after selling 23,880 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.11% of Cal-Maine Foods worth $4,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CALM. Northwestern Mutual Wealth Management Co. lifted its stake in Cal-Maine Foods by 3,014.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 623,571 shares of the basic materials company’s stock valued at $49,618,000 after acquiring an additional 603,551 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Cal-Maine Foods during the 4th quarter valued at approximately $28,864,000. Qube Research & Technologies Ltd lifted its stake in Cal-Maine Foods by 66.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 435,376 shares of the basic materials company’s stock valued at $43,377,000 after acquiring an additional 174,576 shares during the period. UBS Group AG lifted its stake in Cal-Maine Foods by 82.4% during the 3rd quarter. UBS Group AG now owns 345,800 shares of the basic materials company’s stock valued at $32,540,000 after acquiring an additional 156,256 shares during the period. Finally, State Street Corp lifted its stake in 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. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

Shares of NASDAQ CALM opened at $74.72 on Monday. The firm has a market cap of $3.54 billion, a PE ratio of 5.21 and a beta of 0.26. The firm has a fifty day moving average of $77.28 and a 200 day moving average of $81.44. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $126.40.

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

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.9%. The ex-dividend date was Wednesday, April 29th. Cal-Maine Foods’s payout ratio is presently 9.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, March 25th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Stephens lifted their target price on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Finally, Royal Bank Of Canada set a $100.00 target price on shares of Cal-Maine Foods in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.17.

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.