Cal-Maine Foods, Inc. $CALM Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 650,551 shares of the basic materials company’s stock after selling 39,998 shares during the quarter. Corient Private Wealth LLC’s holdings in Cal-Maine Foods were worth $51,764,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CALM. Dimensional Fund Advisors LP increased its holdings in Cal-Maine Foods by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,218,573 shares of the basic materials company’s stock worth $176,536,000 after purchasing an additional 166,402 shares during the period. State Street Corp boosted its stake in shares of 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 during the period. American Century Companies Inc. boosted its stake in shares of Cal-Maine Foods by 3.5% in 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 buying an additional 54,757 shares during the period. First Trust Advisors LP grew its position 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 worth $95,208,000 after buying an additional 96,589 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of Cal-Maine Foods by 9.4% during the fourth quarter. Morgan Stanley now owns 978,163 shares of the basic materials company’s stock worth $77,832,000 after buying an additional 84,124 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

CALM opened at $77.73 on Monday. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $126.40. The company has a market cap of $3.68 billion, a P/E ratio of 5.42 and a beta of 0.26. The business’s 50-day simple moving average is $76.85 and its 200-day simple moving average is $80.44.

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

Cal-Maine Foods Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were issued a dividend of $0.36 per share. 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 presently 9.97%.

Analyst Ratings Changes

A number of analysts recently weighed in on CALM shares. Stephens upped their target price on shares of 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. Royal Bank Of Canada set a $100.00 price target on shares of Cal-Maine Foods in a report on Tuesday, May 26th. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Finally, BMO Capital Markets reduced their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Cal-Maine Foods currently has an average rating of “Hold” and a consensus target price of $94.17.

Cal-Maine Foods Company 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.