Cal-Maine Foods Inc (NASDAQ:CALM) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its holdings in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 13.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,327 shares of the basic materials company’s stock after purchasing an additional 1,703 shares during the period. Jennison Associates LLC’s holdings in Cal-Maine Foods were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CALM. Arizona State Retirement System boosted its position in shares of Cal-Maine Foods by 6.2% in the fourth quarter. Arizona State Retirement System now owns 46,571 shares of the basic materials company’s stock worth $1,970,000 after acquiring an additional 2,699 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Cal-Maine Foods by 52.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,612 shares of the basic materials company’s stock worth $110,000 after acquiring an additional 898 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Cal-Maine Foods by 21.2% in the fourth quarter. Rhumbline Advisers now owns 90,704 shares of the basic materials company’s stock worth $3,837,000 after acquiring an additional 15,859 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Cal-Maine Foods by 2.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 40,955 shares of the basic materials company’s stock worth $1,732,000 after acquiring an additional 1,099 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its position in shares of Cal-Maine Foods by 42.4% in the fourth quarter. IndexIQ Advisors LLC now owns 7,696 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 2,290 shares during the last quarter. Institutional investors own 64.06% of the company’s stock.

Several equities research analysts recently issued reports on CALM shares. ValuEngine raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Stephens started coverage on shares of Cal-Maine Foods in a research report on Monday, March 4th. They issued an “equal weight” rating on the stock. BidaskClub raised shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Finally, Zacks Investment Research raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.00.

Shares of CALM stock opened at $40.97 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 14.43 and a beta of 0.34. Cal-Maine Foods Inc has a fifty-two week low of $36.65 and a fifty-two week high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Monday, April 1st. The basic materials company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.32. The firm had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $385.49 million. Cal-Maine Foods had a net margin of 9.57% and a return on equity of 15.09%. Cal-Maine Foods’s revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 earnings per share. Equities research analysts predict that Cal-Maine Foods Inc will post 1.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.272 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.66%. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, April 30th. Cal-Maine Foods’s payout ratio is 38.38%.

In other Cal-Maine Foods news, Director James E. Poole sold 2,500 shares of Cal-Maine Foods stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $42.76, for a total transaction of $106,900.00. Following the transaction, the director now directly owns 8,222 shares of the company’s stock, valued at $351,572.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert L. Holladay, Jr. sold 1,200 shares of Cal-Maine Foods stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $41.61, for a total transaction of $49,932.00. Following the transaction, the vice president now directly owns 10,690 shares in the company, valued at $444,810.90. The disclosure for this sale can be found here. Insiders own 33.03% of the company’s stock.

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Cal-Maine Foods 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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