Buck Wealth Strategies LLC Acquires 7,044 Shares of Cal-Maine Foods, Inc. $CALM

Buck Wealth Strategies LLC raised its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,537 shares of the basic materials company’s stock after acquiring an additional 7,044 shares during the period. Buck Wealth Strategies LLC’s holdings in Cal-Maine Foods were worth $5,294,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in Cal-Maine Foods by 6.5% in the 3rd quarter. Principal Financial Group Inc. now owns 268,026 shares of the basic materials company’s stock worth $25,221,000 after buying an additional 16,251 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Cal-Maine Foods by 42.2% during the 3rd quarter. New York State Common Retirement Fund now owns 33,051 shares of the basic materials company’s stock valued at $3,110,000 after purchasing an additional 9,805 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Cal-Maine Foods during the 4th quarter valued at about $6,244,000. American Century Companies Inc. lifted its position in shares of Cal-Maine Foods by 3.5% during the 3rd quarter. American Century Companies Inc. now owns 1,618,491 shares of the basic materials company’s stock valued at $152,300,000 after buying an additional 54,757 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Cal-Maine Foods during the 3rd quarter valued at about $4,469,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $76.09 on Friday. The stock has a 50-day moving average of $80.54 and a two-hundred day moving average of $82.78. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $126.40. The stock has a market cap of $3.61 billion, a PE ratio of 5.30 and a beta of 0.28.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The company had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. During the same period last year, the business posted $10.39 earnings per share. The firm’s revenue was down 53.0% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. Cal-Maine Foods’s dividend payout ratio is currently 9.97%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CALM. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. BMO Capital Markets cut their target price on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. Finally, Stephens increased their price target 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. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cal-Maine Foods currently has an average rating of “Hold” and a consensus target price 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.