Acadian Asset Management LLC raised its holdings in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 812.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,718 shares of the basic materials company’s stock after acquiring an additional 17,558 shares during the quarter. Acadian Asset Management LLC’s holdings in Cal-Maine Foods were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Federated Investors Inc. PA raised its holdings in Cal-Maine Foods by 820.3% during the 2nd quarter. Federated Investors Inc. PA now owns 35,424 shares of the basic materials company’s stock valued at $1,625,000 after acquiring an additional 31,575 shares during the period. Chicago Equity Partners LLC bought a new stake in Cal-Maine Foods during the 2nd quarter valued at $2,544,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Cal-Maine Foods during the 2nd quarter valued at $2,719,000. Raymond James Financial Services Advisors Inc. bought a new stake in Cal-Maine Foods during the 2nd quarter valued at $470,000. Finally, Verition Fund Management LLC raised its holdings in Cal-Maine Foods by 51.9% during the 2nd quarter. Verition Fund Management LLC now owns 12,820 shares of the basic materials company’s stock valued at $588,000 after acquiring an additional 4,380 shares during the period. 59.42% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have issued reports on CALM. ValuEngine raised shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 6th. BidaskClub raised shares of Cal-Maine Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Stephens cut shares of Cal-Maine Foods from an “overweight” rating to an “equal weight” rating in a report on Monday, October 1st. Finally, Zacks Investment Research cut shares of Cal-Maine Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, August 10th. Three research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Cal-Maine Foods has a consensus rating of “Buy” and a consensus price target of $54.50.

In other news, CFO Max P. Bowman purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, October 11th. The shares were purchased at an average price of $45.51 per share, with a total value of $91,020.00. Following the completion of the acquisition, the chief financial officer now owns 2,000 shares in the company, valued at approximately $91,020. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 33.03% of the company’s stock.

Cal-Maine Foods stock opened at $49.31 on Friday. The firm has a market capitalization of $2.42 billion, a PE ratio of 17.36 and a beta of 0.43. Cal-Maine Foods Inc has a fifty-two week low of $39.50 and a fifty-two week high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings results on Monday, October 1st. The basic materials company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.23). The firm had revenue of $340.60 million during the quarter, compared to the consensus estimate of $346.76 million. Cal-Maine Foods had a return on equity of 18.99% and a net margin of 9.76%. The company’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.33) EPS. On average, research analysts expect that Cal-Maine Foods Inc will post 3.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were issued a $0.085 dividend. The ex-dividend date was Tuesday, October 30th. This represents a $0.34 annualized dividend and a dividend yield of 0.69%. Cal-Maine Foods’s payout ratio is currently 11.97%.

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Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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