Cal-Maine Foods, Inc. $CALM Stock Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 46.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 38,853 shares of the basic materials company’s stock after acquiring an additional 12,248 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Cal-Maine Foods worth $3,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hennessy Advisors Inc. bought a new stake in shares of Cal-Maine Foods during the third quarter valued at about $38,063,000. Squarepoint Ops LLC grew its position in Cal-Maine Foods by 60.1% in the 2nd quarter. Squarepoint Ops LLC now owns 934,037 shares of the basic materials company’s stock valued at $93,058,000 after buying an additional 350,771 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Cal-Maine Foods by 1,085.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 259,445 shares of the basic materials company’s stock valued at $24,414,000 after buying an additional 237,566 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Cal-Maine Foods by 165.6% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 291,434 shares of the basic materials company’s stock valued at $29,036,000 after buying an additional 181,715 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in shares of Cal-Maine Foods by 66.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 435,376 shares of the basic materials company’s stock worth $43,377,000 after buying an additional 174,576 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Trading Up 2.0%

Shares of Cal-Maine Foods stock opened at $78.66 on Tuesday. Cal-Maine Foods, Inc. has a 52 week low of $71.92 and a 52 week high of $126.40. The stock has a market cap of $3.75 billion, a PE ratio of 3.32 and a beta of 0.26. The company’s 50-day moving average price is $83.54 and its two-hundred day moving average price is $86.40.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data 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 the consensus estimate of $828.46 million. Cal-Maine Foods had a net margin of 27.37% and a return on equity of 44.55%. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter last year, the business posted $4.47 EPS. On average, equities analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, January 28th were paid 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 yield of 3.7%. Cal-Maine Foods’s dividend payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 25th. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. Stephens upped their target price on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $93.00.

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.