American Century Companies Inc. Increases Stock Holdings in Cal-Maine Foods, Inc. $CALM

American Century Companies Inc. boosted its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,563,734 shares of the basic materials company’s stock after buying an additional 126,791 shares during the quarter. American Century Companies Inc. owned approximately 3.19% of Cal-Maine Foods worth $155,795,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Cal-Maine Foods in the 1st quarter worth $3,116,000. Royce & Associates LP boosted its holdings in Cal-Maine Foods by 65.4% during the first quarter. Royce & Associates LP now owns 14,880 shares of the basic materials company’s stock worth $1,353,000 after purchasing an additional 5,882 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Cal-Maine Foods by 7.3% during the first quarter. Avantax Advisory Services Inc. now owns 7,238 shares of the basic materials company’s stock worth $658,000 after purchasing an additional 490 shares during the last quarter. Cetera Investment Advisers grew its position in Cal-Maine Foods by 23.8% in the 1st quarter. Cetera Investment Advisers now owns 20,440 shares of the basic materials company’s stock worth $1,858,000 after purchasing an additional 3,931 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Cal-Maine Foods by 23.6% in the 1st quarter. Assetmark Inc. now owns 92,674 shares of the basic materials company’s stock valued at $8,424,000 after buying an additional 17,668 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CALM shares. Lake Street Capital set a $97.00 target price on Cal-Maine Foods in a research note on Friday, October 3rd. BMO Capital Markets dropped their price target on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating on the stock in a report on Friday, October 3rd. The Goldman Sachs Group cut their price objective on Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Wall Street Zen lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Cal-Maine Foods in a research note on Monday, November 17th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.75.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, insider Keira L. Lombardo acquired 2,800 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average cost of $92.36 per share, with a total value of $258,608.00. Following the acquisition, the insider owned 3,738 shares in the company, valued at approximately $345,241.68. This represents a 298.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.90% of the company’s stock.

Cal-Maine Foods Stock Performance

CALM stock opened at $86.37 on Monday. The stock has a fifty day moving average of $92.56 and a 200-day moving average of $99.75. Cal-Maine Foods, Inc. has a fifty-two week low of $79.55 and a fifty-two week high of $126.40. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 3.32 and a beta of 0.21.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.55 by ($0.43). The firm had revenue of $922.60 million during the quarter, compared to the consensus estimate of $931.62 million. Cal-Maine Foods had a net margin of 28.86% and a return on equity of 52.31%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.06 earnings per share. Equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Wednesday, October 29th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Wednesday, October 29th. Cal-Maine Foods’s dividend payout ratio is presently 21.18%.

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.