Cal-Maine Foods, Inc. (NASDAQ:CALM) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,368 shares of the basic materials company’s stock after acquiring an additional 267 shares during the quarter. GAMMA Investing LLC’s holdings in Cal-Maine Foods were worth $141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Cal-Maine Foods in the third quarter valued at approximately $29,000. Hexagon Capital Partners LLC increased its position in shares of Cal-Maine Foods by 57.0% during the third quarter. Hexagon Capital Partners LLC now owns 427 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 155 shares during the period. Krane Funds Advisors LLC acquired a new stake in shares of Cal-Maine Foods in the third quarter valued at $33,000. Quarry LP boosted its holdings in Cal-Maine Foods by 1,975.0% in the second quarter. Quarry LP now owns 581 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 553 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Cal-Maine Foods during the 2nd quarter worth $47,000. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Price Performance

Shares of NASDAQ CALM opened at $104.73 on Friday. The business has a 50-day moving average of $98.90 and a two-hundred day moving average of $82.22. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 12.00 and a beta of -0.11. Cal-Maine Foods, Inc. has a 1 year low of $53.38 and a 1 year high of $114.06.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.42. The firm had revenue of $954.70 million during the quarter, compared to analysts’ expectations of $751.50 million. Cal-Maine Foods had a return on equity of 24.25% and a net margin of 16.09%. The firm’s revenue was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, equities research analysts expect that Cal-Maine Foods, Inc. will post 8.54 earnings per share for the current year.

Cal-Maine Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Investors of record on Wednesday, January 29th will be paid a dividend of $1.489 per share. This is a positive change from Cal-Maine Foods’s previous quarterly dividend of $1.02. This represents a $5.96 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend is Wednesday, January 29th. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 46.62%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CALM shares. Stephens started coverage on Cal-Maine Foods in a research report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 price target on the stock. StockNews.com cut shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Tuesday.

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.