36,300 Shares in Cal-Maine Foods, Inc. $CALM Purchased by Nutshell Asset Management Ltd

Nutshell Asset Management Ltd purchased a new position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 36,300 shares of the basic materials company’s stock, valued at approximately $3,416,000. Cal-Maine Foods makes up about 1.6% of Nutshell Asset Management Ltd’s holdings, making the stock its 18th biggest position. Nutshell Asset Management Ltd owned about 0.07% of Cal-Maine Foods as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cal-Maine Foods by 4.5% during 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 acquiring an additional 1,057 shares during the period. NewEdge Advisors LLC lifted its position in 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 purchasing an additional 4,009 shares during the period. United Services Automobile Association bought a new position in Cal-Maine Foods during the 1st quarter valued at $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cal-Maine Foods by 10.0% during the 1st 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 valued at $7,765,000 after purchasing an additional 7,736 shares in the last quarter. Finally, Atria Investments Inc bought a new position in Cal-Maine Foods during the 2nd quarter valued at $603,000. 84.67% of the stock is owned by institutional investors and hedge funds.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $89.84 on Monday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 3.80 and a beta of 0.26. Cal-Maine Foods, Inc. has a 1 year low of $71.92 and a 1 year high of $126.40. The business’s fifty day moving average is $81.78 and its two-hundred day moving average is $89.86.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Wednesday, January 7th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $769.50 million for the quarter, compared to analyst estimates 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 revenue was down 19.4% on a year-over-year basis. During the same quarter last year, the company posted $4.47 EPS. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current year.

Cal-Maine Foods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, January 28th. Cal-Maine Foods’s dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CALM. BMO Capital Markets dropped their price objective on 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. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. Weiss Ratings lowered Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 29th. Finally, Stephens set a $85.00 price target on shares of Cal-Maine Foods and gave the stock an “equal weight” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $93.00.

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.