Robeco Institutional Asset Management B.V. Decreases Stock Position in Cal-Maine Foods, Inc. $CALM

Robeco Institutional Asset Management B.V. trimmed its position in Cal-Maine Foods, Inc. (NASDAQ:CALM - Free Report) by 89.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,480 shares of the basic materials company's stock after selling 21,582 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Cal-Maine Foods were worth $247,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Investment Management Corp VA ADV boosted its stake in shares of Cal-Maine Foods by 172.2% in the first quarter. Investment Management Corp VA ADV now owns 392 shares of the basic materials company's stock worth $36,000 after acquiring an additional 248 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Cal-Maine Foods during the 1st quarter worth about $52,000. AdvisorNet Financial Inc purchased a new stake in Cal-Maine Foods during the 2nd quarter worth about $54,000. Blue Trust Inc. increased its holdings 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 valued at $56,000 after acquiring an additional 493 shares during the last quarter. Finally, Quarry LP increased its holdings 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 valued at $63,000 after acquiring an additional 647 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Down 0.8%

CALM opened at $92.12 on Thursday. The stock has a fifty day moving average of $106.11 and a 200-day moving average of $100.41. The firm has a market capitalization of $4.52 billion, a P/E ratio of 3.54 and a beta of 0.22. Cal-Maine Foods, Inc. has a 12-month low of $79.55 and a 12-month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Wednesday, October 1st. The basic materials company reported $4.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.55 by ($0.43). The firm had revenue of $922.60 million for the quarter, compared to analysts' expectations of $931.62 million. Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.Cal-Maine Foods's revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.06 earnings per share. On average, analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Wednesday, October 29th will be paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, October 29th. Cal-Maine Foods's payout ratio is currently 36.22%.

Insiders Place Their Bets

In other Cal-Maine Foods news, insider Keira L. Lombardo bought 2,800 shares of Cal-Maine Foods stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average cost of $92.36 per share, with a total value of $258,608.00. Following the acquisition, the insider directly owned 3,738 shares of the company's stock, valued at $345,241.68. The trade was a 298.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CALM. Stephens increased their price objective 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. Weiss Ratings reissued a "buy (b)" rating on shares of Cal-Maine Foods in a research report on Saturday, September 27th. Wall Street Zen cut Cal-Maine Foods from a "buy" rating to a "hold" rating in a report on Saturday, August 23rd. Lake Street Capital set a $97.00 price objective on Cal-Maine Foods in a research note on Friday, October 3rd. Finally, BMO Capital Markets reduced their price objective on Cal-Maine Foods from $105.00 to $97.00 and set a "market perform" rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Cal-Maine Foods presently has a consensus rating of "Hold" and a consensus target price of $101.75.

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.

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