DekaBank Deutsche Girozentrale Has $1.23 Million Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

DekaBank Deutsche Girozentrale increased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 68.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,378 shares of the basic materials company’s stock after buying an additional 8,668 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Cal-Maine Foods were worth $1,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Cal-Maine Foods by 0.8% in the 1st quarter. BlackRock Inc. now owns 6,199,712 shares of the basic materials company’s stock valued at $342,347,000 after purchasing an additional 48,222 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cal-Maine Foods by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,992,618 shares of the basic materials company’s stock valued at $277,540,000 after acquiring an additional 446,909 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Cal-Maine Foods by 66.3% in the 4th quarter. Pacer Advisors Inc. now owns 2,375,311 shares of the basic materials company’s stock worth $136,319,000 after purchasing an additional 947,115 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Cal-Maine Foods by 13.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,721,026 shares of the basic materials company’s stock worth $83,332,000 after purchasing an additional 210,556 shares during the period. Finally, Millennium Management LLC grew its holdings in Cal-Maine Foods by 2.9% during the fourth quarter. Millennium Management LLC now owns 1,604,025 shares of the basic materials company’s stock valued at $87,339,000 after purchasing an additional 45,771 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Insider Buying and Selling at Cal-Maine Foods

In other news, EVP Charles Jeff Hardin sold 4,458 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.56, for a total transaction of $252,144.48. Following the completion of the transaction, the executive vice president now owns 17,830 shares of the company’s stock, valued at $1,008,464.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Charles Jeff Hardin sold 4,458 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.56, for a total transaction of $252,144.48. Following the transaction, the executive vice president now directly owns 17,830 shares in the company, valued at $1,008,464.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Poole sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $55.91, for a total value of $167,730.00. Following the completion of the sale, the director now owns 11,670 shares of the company’s stock, valued at approximately $652,469.70. The disclosure for this sale can be found here. Insiders sold a total of 9,228 shares of company stock valued at $520,122 in the last ninety days. Company insiders own 13.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens restated an “equal weight” rating and issued a $65.00 price objective on shares of Cal-Maine Foods in a research note on Wednesday, April 3rd.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM opened at $60.46 on Monday. The stock’s 50-day moving average is $58.62 and its 200-day moving average is $53.71. The company has a market cap of $2.96 billion, a P/E ratio of 10.72 and a beta of -0.06. Cal-Maine Foods, Inc. has a 52-week low of $42.25 and a 52-week high of $64.76.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, April 2nd. The basic materials company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.45 by $0.55. Cal-Maine Foods had a return on equity of 16.79% and a net margin of 11.61%. The company had revenue of $703.08 million for the quarter, compared to the consensus estimate of $692.35 million. During the same period in the previous year, the business posted $6.62 EPS. The company’s revenue for the quarter was down 29.5% on a year-over-year basis. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 4.63 EPS for the current year.

Cal-Maine Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Wednesday, May 1st will be paid a dividend of $1.00 per share. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.12. This represents a $4.00 annualized dividend and a yield of 6.62%. The ex-dividend date of this dividend is Tuesday, April 30th. Cal-Maine Foods’s dividend payout ratio is presently 8.16%.

About Cal-Maine Foods

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.