Cal-Maine Foods, Inc. $CALM Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,177,377 shares of the basic materials company’s stock after selling 11,660 shares during the quarter. Geode Capital Management LLC’s holdings in Cal-Maine Foods were worth $93,698,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Royce & Associates LP boosted its holdings in shares of Cal-Maine Foods by 2.0% in the fourth quarter. Royce & Associates LP now owns 8,389 shares of the basic materials company’s stock valued at $668,000 after acquiring an additional 162 shares during the period. New Age Alpha Advisors LLC boosted its stake in shares of Cal-Maine Foods by 15.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,145 shares of the basic materials company’s stock worth $171,000 after buying an additional 279 shares during the period. MQS Management LLC grew its holdings in shares of Cal-Maine Foods by 20.1% during the fourth quarter. MQS Management LLC now owns 2,745 shares of the basic materials company’s stock worth $218,000 after buying an additional 459 shares during the last quarter. Americana Partners LLC purchased a new position in shares of Cal-Maine Foods during the fourth quarter worth about $250,000. Finally, Cadence Wealth Management LLC grew its holdings in shares of Cal-Maine Foods by 8.1% during the fourth quarter. Cadence Wealth Management LLC now owns 3,692 shares of the basic materials company’s stock worth $294,000 after buying an additional 276 shares during the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM opened at $75.65 on Friday. The stock has a fifty day moving average price of $76.91 and a 200 day moving average price of $80.96. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $126.40. The company has a market cap of $3.58 billion, a PE ratio of 5.27 and a beta of 0.26.

Cal-Maine Foods (NASDAQ:CALM) last announced 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. The firm had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. Cal-Maine Foods had a net margin of 20.07% and a return on equity of 26.05%. The firm’s revenue was down 53.0% compared to the same quarter last year. During the same quarter last year, the firm earned $10.39 earnings per share.

Cal-Maine Foods Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were given a $0.36 dividend. The ex-dividend date was Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a yield of 1.9%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 9.97%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CALM. Royal Bank Of Canada set a $100.00 price target on Cal-Maine Foods in a report on Tuesday, May 26th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. BMO Capital Markets decreased their price objective on 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. 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 report on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.17.

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.