Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 1,342 Shares of Cal-Maine Foods, Inc. $CALM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,081 shares of the basic materials company’s stock after buying an additional 1,342 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cal-Maine Foods were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. IFP Advisors Inc grew its stake in Cal-Maine Foods by 195.1% during the second quarter. IFP Advisors Inc now owns 239 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 158 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Cal-Maine Foods during the 1st quarter valued at about $52,000. AdvisorNet Financial Inc purchased a new position in shares of Cal-Maine Foods during the second quarter valued at about $54,000. Quarry LP increased its holdings in shares of Cal-Maine Foods by 1,470.5% in the first quarter. Quarry LP now owns 691 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 647 shares during the last quarter. Finally, Reyes Financial Architecture Inc. bought a new stake in shares of Cal-Maine Foods in the second quarter worth about $82,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $86.37 on Monday. The business’s 50 day moving average price is $92.56 and its 200-day moving average price is $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 cap of $4.19 billion, a P/E ratio of 3.32 and a beta of 0.21.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results 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 company had revenue of $922.60 million during the quarter, compared to the consensus estimate of $931.62 million. Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 earnings per share. As a group, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The company 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. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 6.3%. Cal-Maine Foods’s payout ratio is currently 21.18%.

Analyst Ratings Changes

A number of equities analysts recently commented on CALM shares. Lake Street Capital set a $97.00 price target on Cal-Maine Foods in a research note on Friday, October 3rd. The Goldman Sachs Group lowered their target price on Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Cal-Maine Foods in a research report on Monday, November 17th. BMO Capital Markets decreased their price target on shares of Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Friday, October 3rd. Finally, Wall Street Zen lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 23rd. One investment 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 currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Insider Activity at Cal-Maine Foods

In other news, insider Keira L. Lombardo purchased 2,800 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were bought at an average cost of $92.36 per share, for a total transaction of $258,608.00. Following the acquisition, the insider owned 3,738 shares of the company’s stock, valued at approximately $345,241.68. This trade represents a 298.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.90% of the company’s stock.

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.