Monument Capital Management Sells 25,126 Shares of Cal-Maine Foods, Inc. $CALM

Key Points

• Monument Capital Management sold 25,126 shares of Cal‑Maine Foods, cutting its stake by 90.3% to 2,688 shares valued at about $214,000.
• Cal‑Maine beat Q results with EPS of $1.06 versus $0.89 and revenue of $666.95M, but revenue fell about 53% year‑over‑year and prior‑year EPS was $10.39.
• The company declared a reduced quarterly dividend of $0.36 ($1.44 annualized, a 1.9% yield), with an ex‑dividend date of April 29 and payment on May 14.

Monument Capital Management lowered its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 90.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,688 shares of the basic materials company's stock after selling 25,126 shares during the period. Monument Capital Management's holdings in Cal-Maine Foods were worth $214,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in Cal-Maine Foods during the 3rd quarter worth approximately $32,000. IFP Advisors Inc grew its holdings in Cal-Maine Foods by 58.2% in the 3rd 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 last quarter. National Bank of Canada FI bought a new stake in Cal-Maine Foods in the 3rd quarter worth $42,000. Signaturefd LLC grew its holdings in Cal-Maine Foods by 46.5% in the 4th 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 last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in Cal-Maine Foods in the 3rd quarter worth $47,000. 84.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cal-Maine Foods Trading Down 0.7%

Shares of CALM opened at $75.02 on Thursday. The firm's 50-day moving average price is $82.41 and its 200-day moving average price is $84.48. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 5.23 and a beta of 0.32. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates 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 for the quarter was down 53.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.39 EPS. On average, research analysts forecast that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Wednesday, April 29th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, April 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.9%. Cal-Maine Foods's payout ratio is currently 20.14%.

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. 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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