Landscape Capital Management L.L.C. Increases Position in Cal-Maine Foods, Inc. $CALM

Key Points

• Landscape Capital Management L.L.C. increased its investment in Cal-Maine Foods by 3.2%, now holding a stake worth approximately $6.71 million.
• Several institutional investors, including Financial Management Professionals Inc. and Blue Trust Inc., have recently acquired stakes in Cal-Maine Foods, indicating growing interest with 84.67% of the stock held by institutional investors.
• Cal-Maine Foods reported a net margin of 28.63% and earnings per share of $7.04 for the last quarter, significantly surpassing analyst estimates.

Landscape Capital Management L.L.C. raised its position in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,830 shares of the basic materials company's stock after acquiring an additional 2,320 shares during the quarter. Cal-Maine Foods makes up approximately 0.6% of Landscape Capital Management L.L.C.'s holdings, making the stock its 28th largest position. Landscape Capital Management L.L.C. owned 0.15% of Cal-Maine Foods worth $6,711,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CALM. Financial Management Professionals Inc. bought a new stake in Cal-Maine Foods during the 1st quarter valued at approximately $30,000. Investment Management Corp VA ADV boosted its position in Cal-Maine Foods by 172.2% during the 1st quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 248 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Cal-Maine Foods during the 1st quarter valued at approximately $52,000. Blue Trust Inc. boosted its position in Cal-Maine Foods by 388.2% during the 1st quarter. Blue Trust Inc. now owns 620 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 493 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Cal-Maine Foods during the 1st quarter valued at approximately $77,000. 84.67% of the stock is owned by institutional investors.

Cal-Maine Foods Price Performance

Shares of CALM stock traded up $0.27 during trading hours on Tuesday, hitting $115.91. The company had a trading volume of 256,221 shares, compared to its average volume of 949,249. The company's fifty day moving average is $106.92 and its 200 day moving average is $97.96. Cal-Maine Foods, Inc. has a fifty-two week low of $68.22 and a fifty-two week high of $126.40. The stock has a market capitalization of $5.69 billion, a PE ratio of 4.65 and a beta of 0.27.

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

Cal-Maine Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Monday, August 4th were given a dividend of $3.46 per share. This is an increase from Cal-Maine Foods's previous quarterly dividend of $1.49. This represents a $13.84 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Monday, August 4th. Cal-Maine Foods's dividend payout ratio is currently 37.76%.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Cal-Maine Foods in a research report on Thursday, August 14th. They set a "neutral" rating and a $110.00 price objective on the stock. Wall Street Zen cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. BMO Capital Markets boosted their price target on 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. Finally, Stephens boosted their price target on 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. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $110.00.

Cal-Maine Foods 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.