Sanctuary Advisors LLC Has $242,000 Holdings in Cal-Maine Foods, Inc. $CALM

Sanctuary Advisors LLC reduced its holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 86.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,038 shares of the basic materials company’s stock after selling 19,058 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cal-Maine Foods were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 16,251 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Cal-Maine Foods by 42.2% in the 3rd quarter. New York State Common Retirement Fund now owns 33,051 shares of the basic materials company’s stock worth $3,110,000 after acquiring an additional 9,805 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Cal-Maine Foods in the 4th quarter worth approximately $6,244,000. American Century Companies Inc. boosted its holdings in shares of Cal-Maine Foods by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 1,618,491 shares of the basic materials company’s stock worth $152,300,000 after acquiring an additional 54,757 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Cal-Maine Foods in the 3rd quarter worth approximately $4,469,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CALM. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. BMO Capital Markets dropped their price objective 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. Benchmark restated a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. Finally, Stephens boosted their price objective on shares of 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 investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Cal-Maine Foods currently has an average rating of “Hold” and a consensus price target of $93.00.

Cal-Maine Foods Price Performance

CALM stock opened at $75.45 on Tuesday. The company has a 50 day moving average price of $80.21 and a 200 day moving average price of $82.57. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40. The stock has a market capitalization of $3.57 billion, a PE ratio of 5.26 and a beta of 0.28.

Cal-Maine Foods (NASDAQ:CALM) last posted its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $666.95 million during the quarter, compared to analysts’ expectations of $655.82 million. During the same quarter in the previous year, the company posted $10.39 EPS. Cal-Maine Foods’s revenue was down 53.0% on a year-over-year basis.

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. Cal-Maine Foods’s payout ratio is presently 9.97%.

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.