Burney Co. Has $5.62 Million Stock Holdings in Cal-Maine Foods, Inc. $CALM

Key Points

• Burney Co. cut its stake in Cal‑Maine Foods by 35.8% in Q4, selling 39,423 shares and holding 70,613 shares (about $5.62 million or ~0.15% of the company) per its latest 13F filing.
• Cal‑Maine reported Q1 EPS of $1.06 (beating estimates) but revenue fell 53% YoY; the company has a market cap of $3.59B, pays a quarterly dividend of $0.36 (1.9% yield), and carries a consensus analyst rating of Hold (average target $93).

Burney Co. lessened its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,613 shares of the basic materials company's stock after selling 39,423 shares during the quarter. Burney Co. owned approximately 0.15% of Cal-Maine Foods worth $5,619,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CALM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cal-Maine Foods by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,401 shares of the basic materials company's stock valued at $2,218,000 after buying an additional 1,057 shares during the last quarter. NewEdge Advisors LLC raised its position in Cal-Maine Foods by 100.8% in the 1st quarter. NewEdge Advisors LLC now owns 7,985 shares of the basic materials company's stock valued at $726,000 after buying an additional 4,009 shares during the last quarter. United Services Automobile Association acquired a new stake in Cal-Maine Foods in the 1st quarter valued at approximately $245,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cal-Maine Foods by 10.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,422 shares of the basic materials company's stock valued at $7,765,000 after buying an additional 7,736 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Cal-Maine Foods by 323.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the basic materials company's stock valued at $108,000 after buying an additional 830 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company's stock.

Cal-Maine Foods Price Performance

CALM stock opened at $75.83 on Monday. The business has a 50 day moving average price of $83.00 and a two-hundred day moving average price of $84.86. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 5.28 and a beta of 0.32. Cal-Maine Foods, Inc. has a twelve month low of $71.92 and a twelve month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. The firm 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 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. On average, equities research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Benchmark reissued a "buy" rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. Stephens lifted their target price 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. Finally, BMO Capital Markets dropped their target price 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. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $93.00.

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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