RM Financial Services LLC Buys Shares of 18,886 Cal-Maine Foods, Inc. $CALM

RM Financial Services LLC bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,886 shares of the basic materials company’s stock, valued at approximately $1,503,000. Cal-Maine Foods makes up approximately 1.3% of RM Financial Services LLC’s holdings, making the stock its 16th largest holding.

Other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG grew its position in shares of Cal-Maine Foods by 15.8% in the fourth quarter. Deutsche Bank AG now owns 138,677 shares of the basic materials company’s stock valued at $11,035,000 after purchasing an additional 18,930 shares during the last quarter. Cerity Partners LLC grew its position in shares of Cal-Maine Foods by 338.8% in the fourth quarter. Cerity Partners LLC now owns 134,425 shares of the basic materials company’s stock valued at $10,696,000 after purchasing an additional 103,787 shares during the last quarter. LPL Financial LLC grew its position in shares of Cal-Maine Foods by 25.8% in the fourth quarter. LPL Financial LLC now owns 68,396 shares of the basic materials company’s stock valued at $5,442,000 after purchasing an additional 14,047 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Cal-Maine Foods by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 76,460 shares of the basic materials company’s stock valued at $6,084,000 after purchasing an additional 1,087 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Cal-Maine Foods in the fourth quarter valued at about $749,000. 84.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CALM shares. Royal Bank Of Canada set a $100.00 price target on Cal-Maine Foods in a research report on Tuesday, May 26th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. BMO Capital Markets lowered their price target on 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. Finally, Stephens raised their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.17.

Cal-Maine Foods Stock Up 1.8%

CALM stock opened at $79.07 on Thursday. 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 cap of $3.75 billion, a PE ratio of 5.51 and a beta of 0.26. The business’s 50-day simple moving average is $76.88 and its 200 day simple moving average is $80.71.

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 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 earnings per share. The firm’s revenue for the quarter was down 53.0% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

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

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.