Hsbc Holdings PLC Purchases 15,643 Shares of Cal-Maine Foods, Inc. $CALM

Hsbc Holdings PLC increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 41.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,608 shares of the basic materials company’s stock after purchasing an additional 15,643 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Cal-Maine Foods worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. DGS Capital Management LLC bought a new stake in Cal-Maine Foods in the 4th quarter worth approximately $219,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Cal-Maine Foods in the 4th quarter worth $71,000. Invesco Ltd. grew its holdings in shares of Cal-Maine Foods by 10.6% in the fourth quarter. Invesco Ltd. now owns 696,236 shares of the basic materials company’s stock worth $55,399,000 after acquiring an additional 66,465 shares during the period. Summit Global Investments grew its holdings in shares of Cal-Maine Foods by 2.7% in the fourth quarter. Summit Global Investments now owns 11,874 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 317 shares during the period. Finally, Caitlin John LLC purchased a new stake in Cal-Maine Foods during the fourth quarter valued at $195,000. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Performance

NASDAQ:CALM opened at $80.23 on Friday. The stock has a 50-day simple moving average of $77.11 and a two-hundred day simple moving average of $80.29. Cal-Maine Foods, Inc. has a 52-week low of $71.92 and a 52-week high of $126.40. The firm has a market capitalization of $3.80 billion, a PE ratio of 5.59 and a beta of 0.26.

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 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 business had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. During the same quarter in the prior year, the business posted $10.39 earnings per share. The business’s quarterly revenue was down 53.0% on a year-over-year basis.

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio is currently 9.97%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a report on Tuesday, May 26th. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. Stephens upped 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 report on Wednesday, March 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Finally, BMO Capital Markets dropped 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 investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.