Hussman Strategic Advisors Inc. Cuts Position in Cal-Maine Foods, Inc. $CALM

Key Points

• Hussman Strategic Advisors cut its stake in Cal‑Maine Foods by 46.7% in Q4, selling 14,700 shares and leaving 16,800 shares valued at $1.337 million.
• Cal‑Maine beat quarterly estimates with EPS $1.06 versus $0.89 and revenue of $666.95M, but revenue was down 53% year‑over‑year (prior‑year EPS was $10.39).
• The company announced a quarterly dividend of $0.36 (annualized $1.44, 1.9% yield), while analysts maintain a consensus Hold with a $93 price target and the stock trades at a P/E of 5.31 (market cap $3.61B).

Hussman Strategic Advisors Inc. decreased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,800 shares of the basic materials company's stock after selling 14,700 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in Cal-Maine Foods were worth $1,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CALM. WealthCollab LLC increased its position in shares of Cal-Maine Foods by 105.2% during the fourth quarter. WealthCollab LLC now owns 431 shares of the basic materials company's stock worth $34,000 after acquiring an additional 221 shares during the period. IFP Advisors Inc increased its position in shares of Cal-Maine Foods by 58.2% during the third quarter. IFP Advisors Inc now owns 378 shares of the basic materials company's stock worth $37,000 after acquiring an additional 139 shares during the period. Signaturefd LLC increased its position in shares of Cal-Maine Foods by 46.5% during the fourth quarter. Signaturefd LLC now owns 488 shares of the basic materials company's stock worth $39,000 after acquiring an additional 155 shares during the period. National Bank of Canada FI purchased a new stake in shares of Cal-Maine Foods during the third quarter worth $42,000. Finally, Quarry LP increased its position in shares of Cal-Maine Foods by 146.6% during the third quarter. Quarry LP now owns 587 shares of the basic materials company's stock worth $55,000 after acquiring an additional 349 shares during the period. Hedge funds and other institutional investors own 84.67% of the company's stock.

Cal-Maine Foods Stock Performance

Shares of CALM stock opened at $76.25 on Monday. The firm has a fifty day moving average price of $81.03 and a 200 day moving average price of $83.14. The company has a market cap of $3.61 billion, a P/E ratio of 5.31 and a beta of 0.28. Cal-Maine Foods, Inc. has a 12 month low of $71.92 and a 12 month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last issued 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. 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 net margin of 20.07% and a return on equity of 26.05%. The company's revenue was down 53.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.39 earnings per share.

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.9%. Cal-Maine Foods's payout ratio is presently 9.97%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CALM. Stephens upped their price objective on Cal-Maine Foods from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 18th. Benchmark reaffirmed a "buy" rating on shares of Cal-Maine Foods in a research report on Tuesday, March 3rd. BMO Capital Markets cut their price objective 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. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cal-Maine Foods in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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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