Coppell Advisory Solutions LLC Buys Shares of 9,579 Cal-Maine Foods, Inc. $CALM

Key Points

• Coppell Advisory Solutions LLC acquired 9,579 shares of Cal-Maine Foods, Inc. valued at approximately $928,000 during the first quarter.
• Cal-Maine Foods reported a significant increase in revenue to $1.10 billion for the last quarter, up 72.1% year-over-year, and earnings per share of $7.04, beating estimates.
• The company announced a quarterly dividend increase from $1.49 to $3.46, resulting in an annualized dividend yield of 12.4%.

Coppell Advisory Solutions LLC acquired a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,579 shares of the basic materials company's stock, valued at approximately $928,000.

Other hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in Cal-Maine Foods during the 1st quarter valued at $30,000. Investment Management Corp VA ADV grew its position in shares of Cal-Maine Foods by 172.2% in the 1st quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock worth $36,000 after buying an additional 248 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cal-Maine Foods in the 1st quarter worth about $52,000. Blue Trust Inc. grew its position in shares of Cal-Maine Foods by 388.2% in the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock worth $56,000 after buying an additional 493 shares during the period. Finally, Quarry LP grew its position in shares of Cal-Maine Foods by 1,470.5% in the 1st quarter. Quarry LP now owns 691 shares of the basic materials company's stock worth $63,000 after buying an additional 647 shares during the period. 84.67% of the stock is owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 1.4%

Shares of Cal-Maine Foods stock traded up $1.51 on Thursday, reaching $111.01. The company's stock had a trading volume of 419,772 shares, compared to its average volume of 655,990. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 4.45 and a beta of 0.27. The firm's fifty day simple moving average is $108.70 and its two-hundred day simple moving average is $99.00. Cal-Maine Foods, Inc. has a 52 week low of $68.81 and a 52 week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The basic materials company reported $7.04 EPS for the quarter, topping analysts' consensus estimates of $5.29 by $1.75. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $877.03 million. Cal-Maine Foods had a return on equity of 54.81% and a net margin of 28.63%.The company's quarterly revenue was up 72.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 EPS. As a group, research analysts predict that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Monday, August 4th were paid a dividend of $3.46 per share. The ex-dividend date was Monday, August 4th. This represents a $13.84 annualized dividend and a yield of 12.5%. This is an increase from Cal-Maine Foods's previous quarterly dividend of $1.49. Cal-Maine Foods's dividend payout ratio (DPR) is currently 37.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CALM. Stephens upped their target price on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their target price on shares of Cal-Maine Foods from $100.00 to $105.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Finally, The Goldman Sachs Group began coverage on shares of Cal-Maine Foods in a research report on Thursday, August 14th. They issued a "neutral" rating and a $110.00 target price on the stock. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $110.00.

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.