Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in Cal-Maine Foods, Inc. $CALM

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) by 26.3% during the 4th quarter, Holdings Channel reports. The firm owned 56,296 shares of the basic materials company’s stock after selling 20,054 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cal-Maine Foods were worth $4,479,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. WealthCollab LLC grew its holdings in Cal-Maine Foods by 105.2% during the 4th quarter. WealthCollab LLC now owns 431 shares of the basic materials company’s stock valued at $34,000 after buying an additional 221 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Cal-Maine Foods by 58.2% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the basic materials company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. Signaturefd LLC grew its position in Cal-Maine Foods by 46.5% in the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 155 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Cal-Maine Foods in the 3rd quarter valued at approximately $42,000. Finally, Quarry LP boosted its holdings in shares of Cal-Maine Foods by 146.6% in the 3rd quarter. Quarry LP now owns 587 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 349 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CALM shares. Weiss Ratings restated a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research note on Tuesday, March 3rd. Stephens upped their price target on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Finally, BMO Capital Markets reduced their price objective on shares of Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $93.00.

Cal-Maine Foods Stock Down 0.6%

Shares of Cal-Maine Foods stock opened at $77.28 on Wednesday. The stock’s fifty day moving average is $81.30 and its two-hundred day moving average is $83.37. The company has a market capitalization of $3.66 billion, a PE ratio of 5.39 and a beta of 0.32. 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 released its earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. The business had revenue of $666.95 million during the quarter, compared to the consensus estimate of $655.82 million. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The business’s revenue for the quarter was down 53.0% compared to the same quarter last year. During the same period last year, the company earned $10.39 earnings per share.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Wednesday, April 29th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 20.14%.

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.