BCS Private Wealth Management Inc. Buys Shares of 14,025 Cal-Maine Foods, Inc. $CALM

Key Points

• BCS Private Wealth Management bought a new stake of 14,025 shares of Cal‑Maine Foods (NASDAQ:CALM) in Q4, valued at about $1.116 million, and other institutions also adjusted positions — institutional ownership stands around 84.67%.
• Cal‑Maine beat the quarter's EPS estimate ($1.06 vs. $0.89) but reported revenue down roughly 53% year‑over‑year
• The company announced a reduced quarterly dividend of $0.36 (annualized $1.44, yield ~1.9%, ex‑div April 29, pay May 14); the shares trade near $75.56 with a market cap of about $3.58 billion and a P/E of 5.27.

BCS Private Wealth Management Inc. bought a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,025 shares of the basic materials company's stock, valued at approximately $1,116,000.

Other institutional investors have also added to or reduced their stakes in the company. Lansing Street Advisors bought a new position in shares of Cal-Maine Foods during the 4th quarter valued at $380,000. Farther Finance Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 7.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,035 shares of the basic materials company's stock valued at $321,000 after buying an additional 281 shares during the period. Assetmark Inc. lifted its holdings in shares of Cal-Maine Foods by 36.6% during the 4th quarter. Assetmark Inc. now owns 118,773 shares of the basic materials company's stock valued at $9,451,000 after buying an additional 31,826 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Cal-Maine Foods by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 25,542 shares of the basic materials company's stock valued at $2,032,000 after buying an additional 454 shares during the period. Finally, Westbourne Investments Inc. bought a new position in shares of Cal-Maine Foods during the 4th quarter valued at $350,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stephens increased their price target on Cal-Maine Foods from $85.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, March 18th. 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 report on Wednesday, March 25th. Weiss Ratings reissued a "hold (c+)" rating on shares of Cal-Maine Foods in a report on Friday, March 27th. Finally, Benchmark reissued a "buy" rating on shares of Cal-Maine Foods in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $93.00.

Cal-Maine Foods Stock Performance

Shares of Cal-Maine Foods stock opened at $75.56 on Wednesday. Cal-Maine Foods, Inc. has a one year low of $71.92 and a one year high of $126.40. The stock's fifty day moving average is $82.65 and its 200 day moving average is $84.55. The stock has a market cap of $3.58 billion, a P/E ratio of 5.27 and a beta of 0.32.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its earnings results on Wednesday, April 1st. The basic materials company reported $1.06 EPS 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 company had revenue of $666.95 million for the quarter, compared to analysts' expectations of $655.82 million. During the same period last year, the firm earned $10.39 EPS. Cal-Maine Foods's revenue for the quarter was down 53.0% compared to the same quarter last year. Analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Cuts Dividend

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

Cal-Maine Foods Company 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.

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