AIA Group Ltd Boosts Stock Position in Cal-Maine Foods, Inc. $CALM

AIA Group Ltd boosted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 112.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,539 shares of the basic materials company’s stock after purchasing an additional 7,171 shares during the quarter. AIA Group Ltd’s holdings in Cal-Maine Foods were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cal-Maine Foods by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock worth $2,218,000 after purchasing an additional 1,057 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Cal-Maine Foods by 100.8% in the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock worth $726,000 after buying an additional 4,009 shares during the last quarter. United Services Automobile Association purchased a new position in Cal-Maine Foods during the first quarter valued at approximately $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cal-Maine Foods by 10.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock valued at $7,765,000 after acquiring an additional 7,736 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Cal-Maine Foods by 7.5% in the second quarter. Geode Capital Management LLC now owns 1,095,246 shares of the basic materials company’s stock valued at $109,132,000 after acquiring an additional 76,102 shares during the period. Institutional investors own 84.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CALM shares. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. Stephens increased their price target on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday. BMO Capital Markets dropped their price target 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 lowered Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $94.00.

Cal-Maine Foods Trading Down 3.6%

CALM stock opened at $78.35 on Friday. The business’s fifty day moving average price is $83.23 and its 200 day moving average price is $88.16. Cal-Maine Foods, Inc. has a 12-month low of $71.92 and a 12-month high of $126.40. The company has a market capitalization of $3.73 billion, a PE ratio of 3.31 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 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $769.50 million for the quarter, compared to analysts’ expectations of $828.46 million. Cal-Maine Foods had a return on equity of 44.55% and a net margin of 27.37%.Cal-Maine Foods’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.47 earnings per share. Research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, January 28th were issued a $0.72 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $2.88 dividend on an annualized basis and a yield of 3.7%. Cal-Maine Foods’s dividend payout ratio (DPR) is 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.