New York State Common Retirement Fund Has $3.11 Million Stake in Cal-Maine Foods, Inc. $CALM

New York State Common Retirement Fund lifted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 42.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,051 shares of the basic materials company’s stock after purchasing an additional 9,805 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Cal-Maine Foods worth $3,110,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc raised its holdings in Cal-Maine Foods by 195.1% in the 2nd 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. Sound Income Strategies LLC bought a new position in shares of Cal-Maine Foods in the third quarter worth $32,000. Carolina Wealth Advisors LLC acquired a new position in Cal-Maine Foods in the third quarter valued at about $47,000. Financial Consulate Inc. acquired a new position in Cal-Maine Foods in the third quarter valued at about $56,000. Finally, Geneos Wealth Management Inc. lifted its position in Cal-Maine Foods by 80.9% during the second quarter. Geneos Wealth Management Inc. now owns 671 shares of the basic materials company’s stock worth $67,000 after purchasing an additional 300 shares during the period. 84.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CALM shares. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, January 5th. Stephens set a $85.00 target price on Cal-Maine Foods and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. BMO Capital Markets decreased their price target on Cal-Maine Foods from $97.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings downgraded Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $93.00.

Cal-Maine Foods Stock Performance

Shares of NASDAQ:CALM opened at $82.53 on Friday. Cal-Maine Foods, Inc. has a 52-week low of $71.92 and a 52-week high of $126.40. The company has a market capitalization of $3.93 billion, a PE ratio of 3.49 and a beta of 0.26. The company has a fifty day moving average of $81.80 and a 200-day moving average of $93.29.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Wednesday, January 7th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Cal-Maine Foods had a return on equity of 44.55% and a net margin of 27.37%.The firm had revenue of $769.50 million during the quarter, compared to analyst estimates of $828.46 million. During the same period in the previous year, the company earned $4.47 EPS. Cal-Maine Foods’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, equities analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $2.88 annualized dividend and a dividend yield of 3.5%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 12.21%.

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.