Y Intercept Hong Kong Ltd Has $9.03 Million Holdings in Cal-Maine Foods, Inc. $CALM

Y Intercept Hong Kong Ltd boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 139.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,478 shares of the basic materials company’s stock after acquiring an additional 65,988 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Cal-Maine Foods were worth $9,029,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Holdings LLC acquired a new stake in Cal-Maine Foods during the 4th quarter worth about $30,000. WealthCollab LLC raised its stake 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 worth $34,000 after purchasing an additional 221 shares in the last quarter. IFP Advisors Inc raised its stake 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 worth $37,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC raised its stake 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 worth $39,000 after purchasing an additional 155 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Cal-Maine Foods during the 3rd quarter worth about $42,000. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

Shares of CALM stock opened at $78.10 on Friday. The stock’s 50 day simple moving average is $76.79 and its 200 day simple moving average is $80.64. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 5.44 and a beta of 0.26.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings data on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share 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 business had revenue of $666.95 million for the quarter, compared to the consensus estimate of $655.82 million. During the same period last year, the business earned $10.39 EPS. The firm’s revenue was down 53.0% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Wednesday, April 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, April 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 9.97%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $100.00 price target on Cal-Maine Foods in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, May 26th. BMO Capital Markets cut their price target on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, March 25th. Finally, Stephens raised their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Cal-Maine Foods presently has a consensus rating of “Hold” and an average price target 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.