TD Waterhouse Canada Inc. Grows Stock Holdings in Cal-Maine Foods, Inc. $CALM

TD Waterhouse Canada Inc. increased its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 239.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,898 shares of the basic materials company’s stock after purchasing an additional 6,275 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cal-Maine Foods were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cal-Maine Foods by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company’s stock valued at $2,218,000 after purchasing an additional 1,057 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Cal-Maine Foods by 100.8% in the first quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company’s stock worth $726,000 after buying an additional 4,009 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Cal-Maine Foods in the first quarter worth about $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cal-Maine Foods by 10.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company’s stock worth $7,765,000 after acquiring an additional 7,736 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Cal-Maine Foods by 738.0% during the second quarter. Janney Montgomery Scott LLC now owns 23,733 shares of the basic materials company’s stock valued at $2,365,000 after acquiring an additional 20,901 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CALM has been the topic of a number of analyst reports. Weiss Ratings cut shares of Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, December 29th. BMO Capital Markets lowered their price target on shares of Cal-Maine Foods from $97.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, January 8th. Stephens set a $85.00 price objective on shares of Cal-Maine Foods and gave the company an “equal weight” rating in a report on Thursday, January 8th. Finally, Benchmark reiterated a “buy” rating on shares of Cal-Maine Foods in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $93.00.

Cal-Maine Foods Stock Performance

Cal-Maine Foods stock opened at $83.91 on Tuesday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 3.54 and a beta of 0.26. The company’s fifty day moving average price is $81.69 and its 200 day moving average price is $93.79. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last posted 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). Cal-Maine Foods had a return on equity of 44.55% and a net margin of 27.37%.The company had revenue of $769.50 million for the quarter, compared to analyst estimates of $828.46 million. During the same quarter in the prior year, the company posted $4.47 earnings per share. The business’s revenue was down 19.4% on a year-over-year basis. Sell-side analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

The business 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 $0.72 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a $2.88 dividend on an annualized basis and a yield of 3.4%. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 12.13%.

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.