Y Intercept Hong Kong Ltd Invests $4.47 Million in Cal-Maine Foods, Inc. $CALM

Y Intercept Hong Kong Ltd acquired a new stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 47,490 shares of the basic materials company’s stock, valued at approximately $4,469,000.

Other large investors also recently bought and sold shares of the company. J.W. Cole Advisors Inc. increased its position in shares of Cal-Maine Foods by 3.2% during the second quarter. J.W. Cole Advisors Inc. now owns 3,280 shares of the basic materials company’s stock valued at $327,000 after acquiring an additional 102 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Cal-Maine Foods by 12.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 116 shares during the period. Truist Financial Corp increased its holdings in Cal-Maine Foods by 3.5% in the 2nd quarter. Truist Financial Corp now owns 3,541 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC raised its position in Cal-Maine Foods by 4.9% in the third quarter. GAMMA Investing LLC now owns 3,019 shares of the basic materials company’s stock valued at $284,000 after purchasing an additional 142 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in Cal-Maine Foods by 6.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,664 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Cal-Maine Foods Stock Down 1.3%

NASDAQ:CALM opened at $80.50 on Monday. The stock’s 50 day moving average price is $82.16 and its 200 day moving average price is $94.64. The company has a market capitalization of $3.84 billion, a PE ratio of 3.40 and a beta of 0.26. Cal-Maine Foods, Inc. has a 52-week low of $71.92 and a 52-week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Wednesday, January 7th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $769.50 million during the quarter, compared to analysts’ expectations of $828.46 million. Cal-Maine Foods had a net margin of 27.37% and a return on equity of 44.55%. Cal-Maine Foods’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.47 EPS. As a group, sell-side analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Wednesday, January 28th will be paid a dividend of $0.72 per share. The ex-dividend date is Wednesday, January 28th. This represents a $2.88 dividend on an annualized basis and a yield of 3.6%. Cal-Maine Foods’s dividend payout ratio is currently 23.28%.

Analyst Upgrades and Downgrades

CALM has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Monday, January 5th. Lake Street Capital set a $97.00 target price on Cal-Maine Foods in a research report on Friday, October 3rd. The Goldman Sachs Group cut their price target on shares of Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. Stephens set a $85.00 price objective on shares of Cal-Maine Foods and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Finally, BMO Capital Markets cut their target price on shares of Cal-Maine Foods from $97.00 to $85.00 and set a “market perform” rating on the stock in a research note on Thursday, January 8th. One 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 company currently 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.