Voya Investment Management LLC Sells 1,262 Shares of Cal-Maine Foods, Inc. $CALM

Voya Investment Management LLC lowered its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 10.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,993 shares of the basic materials company’s stock after selling 1,262 shares during the period. Voya Investment Management LLC’s holdings in Cal-Maine Foods were worth $999,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC raised its position in shares of Cal-Maine Foods by 2.5% in the 1st quarter. Evergreen Capital Management LLC now owns 5,898 shares of the basic materials company’s stock worth $536,000 after acquiring an additional 143 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Cal-Maine Foods by 8.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,511 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 191 shares in the last quarter. Monument Capital Management raised its position in shares of Cal-Maine Foods by 6.2% in the 1st quarter. Monument Capital Management now owns 3,358 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 195 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in Cal-Maine Foods by 2.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 7,713 shares of the basic materials company’s stock valued at $701,000 after buying an additional 195 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its position in Cal-Maine Foods by 4.1% during the 1st quarter. Krane Funds Advisors LLC now owns 5,096 shares of the basic materials company’s stock valued at $463,000 after buying an additional 203 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CALM has been the subject of a number of analyst reports. BMO Capital Markets raised their price objective on Cal-Maine Foods from $100.00 to $105.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. The Goldman Sachs Group initiated coverage on Cal-Maine Foods in a research report on Thursday, August 14th. They set a “neutral” rating and a $110.00 price objective for the company. Stephens raised their price objective on Cal-Maine Foods from $108.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.00.

Cal-Maine Foods Stock Down 2.6%

NASDAQ:CALM opened at $96.85 on Wednesday. The business’s 50-day simple moving average is $108.96 and its two-hundred day simple moving average is $99.95. The stock has a market cap of $4.75 billion, a PE ratio of 3.88 and a beta of 0.27. Cal-Maine Foods, Inc. has a 52 week low of $72.48 and a 52 week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.29 by $1.75. Cal-Maine Foods had a return on equity of 54.81% and a net margin of 28.63%.The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $877.03 million. During the same period in the previous year, the firm posted $2.32 earnings per share. The business’s revenue was up 72.1% compared to the same quarter last year. Sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Monday, August 4th were paid a dividend of $3.46 per share. The ex-dividend date of this dividend was Monday, August 4th. This is an increase from Cal-Maine Foods’s previous quarterly dividend of $1.49. This represents a $13.84 annualized dividend and a yield of 14.3%. Cal-Maine Foods’s payout ratio is presently 37.76%.

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.