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

American Century Companies Inc. increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618,491 shares of the basic materials company’s stock after acquiring an additional 54,757 shares during the period. American Century Companies Inc. owned approximately 3.34% of Cal-Maine Foods worth $152,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. raised its holdings in Cal-Maine Foods by 3.4% in the 3rd quarter. Xponance Inc. now owns 3,694 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 123 shares during the last quarter. Choreo LLC lifted its holdings in shares of Cal-Maine Foods by 22.3% during the 3rd quarter. Choreo LLC now owns 3,117 shares of the basic materials company’s stock valued at $293,000 after buying an additional 568 shares during the period. Brucke Financial Inc. bought a new position in shares of Cal-Maine Foods during the 3rd quarter valued at $205,000. Intech Investment Management LLC grew its stake in shares of Cal-Maine Foods by 41.2% during the 3rd quarter. Intech Investment Management LLC now owns 191,223 shares of the basic materials company’s stock valued at $17,994,000 after purchasing an additional 55,836 shares during the period. Finally, TD Asset Management Inc increased its holdings in Cal-Maine Foods by 7.7% during the third quarter. TD Asset Management Inc now owns 40,500 shares of the basic materials company’s stock valued at $3,811,000 after buying an additional 2,900 shares during the last quarter. 84.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cal-Maine Foods Stock Up 3.9%

Shares of CALM stock opened at $87.11 on Monday. Cal-Maine Foods, Inc. has a 52-week low of $71.92 and a 52-week high of $126.40. The company’s 50 day moving average is $81.18 and its 200 day moving average is $90.62. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 3.68 and a beta of 0.26.

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

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Wednesday, January 28th were paid a dividend of $0.72 per share. The ex-dividend date was Wednesday, January 28th. This represents a $2.88 dividend on an annualized basis and a yield of 3.3%. Cal-Maine Foods’s dividend payout ratio is presently 12.21%.

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. 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.