Dimensional Fund Advisors LP Grows Position in Cal-Maine Foods, Inc. $CALM

Dimensional Fund Advisors LP lifted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,052,171 shares of the basic materials company’s stock after purchasing an additional 39,669 shares during the quarter. Dimensional Fund Advisors LP owned about 4.23% of Cal-Maine Foods worth $193,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BTS Asset Management Inc. raised its holdings in Cal-Maine Foods by 14.9% in the third quarter. BTS Asset Management Inc. now owns 4,041 shares of the basic materials company’s stock worth $380,000 after purchasing an additional 524 shares in the last quarter. Picton Mahoney Asset Management boosted its holdings in shares of Cal-Maine Foods by 263.7% during the 3rd quarter. Picton Mahoney Asset Management now owns 17,450 shares of the basic materials company’s stock valued at $1,642,000 after buying an additional 12,652 shares in the last quarter. Sprott Inc. grew its position in shares of Cal-Maine Foods by 7.7% in the 3rd quarter. Sprott Inc. now owns 211,500 shares of the basic materials company’s stock worth $19,902,000 after buying an additional 15,090 shares during the period. Elo Mutual Pension Insurance Co bought a new position in shares of Cal-Maine Foods in the 3rd quarter worth about $1,903,000. Finally, Fisher Asset Management LLC increased its stake in shares of Cal-Maine Foods by 5.3% in the 3rd quarter. Fisher Asset Management LLC now owns 220,781 shares of the basic materials company’s stock worth $20,775,000 after acquiring an additional 11,127 shares in the last quarter. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

CALM stock opened at $89.84 on Monday. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $126.40. The company has a market cap of $4.28 billion, a P/E ratio of 3.80 and a beta of 0.26. The stock’s fifty day moving average price is $81.78 and its 200-day moving average price is $89.86.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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). Cal-Maine Foods had a net margin of 27.37% and a return on equity of 44.55%. The firm had revenue of $769.50 million for the quarter, compared to analysts’ expectations of $828.46 million. During the same quarter last year, the company posted $4.47 EPS. The firm’s revenue was down 19.4% compared to the same quarter last year. As a group, analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $2.88 annualized dividend and a dividend yield of 3.2%. Cal-Maine Foods’s dividend payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CALM shares. 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. 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 for the company in a research note on Thursday, January 8th. Stephens set a $85.00 price target on Cal-Maine Foods and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. Finally, Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $93.00.

About Cal-Maine Foods

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.