UBS Group AG Has $32.26 Million Stock Holdings in Cal-Maine Foods, Inc. $CALM

UBS Group AG boosted its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 17.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 405,459 shares of the basic materials company’s stock after purchasing an additional 59,659 shares during the quarter. UBS Group AG’s holdings in Cal-Maine Foods were worth $32,262,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Cal-Maine Foods by 58.2% during the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 139 shares during the last quarter. WealthCollab LLC raised its position in shares of Cal-Maine Foods by 105.2% during the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 221 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Cal-Maine Foods during the 3rd quarter valued at $42,000. Signaturefd LLC raised its position in shares of Cal-Maine Foods by 46.5% during the 4th quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 155 shares during the last quarter. Finally, Quarry LP raised its position in shares of Cal-Maine Foods by 146.6% during the 3rd quarter. Quarry LP now owns 587 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 349 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Up 0.5%

CALM opened at $76.09 on Friday. Cal-Maine Foods, Inc. has a 12 month low of $71.92 and a 12 month high of $126.40. The company has a fifty day simple moving average of $80.54 and a 200 day simple moving average of $82.78. The stock has a market cap of $3.61 billion, a P/E ratio of 5.30 and a beta of 0.28.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data 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 net margin of 20.07% and a return on equity of 26.05%. The business had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. During the same quarter in the prior year, the company earned $10.39 EPS. The firm’s quarterly revenue was down 53.0% on a year-over-year basis.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be given a $0.36 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

CALM has been the subject of several recent research reports. Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. BMO Capital Markets dropped their target price on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, March 25th. Stephens upped their target price on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.