Heartland Advisors Inc. Holds $4.43 Million Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Financial Advisors

Heartland Advisors Inc. increased its shares in Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) by 16.7% in the fourth quarter, according to its latest Form 13F filed with the SEC. The institutional investor owned his 81,283 shares of basic materials company stock after he purchased an additional 11,646 shares during the quarter. Heartland Advisors Inc. owned approximately 0.17% of Cal-Maine Foods worth $4,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently changed positions in CALM. Signaturefd LLC increased his holding of Cal-Maine Foods shares by 118.8% in the third quarter. Signaturefd LLC now owns 466 shares of the basic materials company worth $26,000 after purchasing an additional 253 of his shares last quarter. Quadrant Capital Group LLC raised a 795.2% stake in Cal-Maine Foods in the third quarter. Quadrant Capital Group LLC now owns 564 shares of the foundation materials company worth $31,000 after purchasing an additional 501 shares in the previous quarter. Guardian Wealth Advisors LLC purchased another $35,000 worth of his Cal-Maine Foods shares in the third quarter. Strs Ohio bought a new position in Cal-Maine Foods for his $38,000 in the fourth quarter. Finally, Parallel Advisors LLC increased its Cal-Maine Foods stake by 41.0% in the fourth quarter. Parallel Advisors LLC owns 839 shares of the foundation materials company valued at $46,000 after purchasing an additional 244 shares in the previous quarter. Institutional investors and hedge funds own 88.78% of the company’s shares.

Cal-Maine Foods stock performance

Cal-Maine Foods shares opened at $48.68 on Friday. His 50-day simple moving average for this stock is $54.91 and its 200-day simple moving average is $56.36. The stock has a market capitalization of $2.38 billion, a P/E ratio of 3.14, a PEG ratio of 0.18 and a beta of -0.04. Cal-Maine Foods, Inc. has a 52-week low of $43.96 and a 52-week high of $65.32.

Cal-Maine Foods (NASDAQ:CALM – Get Rating) announced final results on Tuesday, March 28. The basic materials company reported that he earned $6.62 per share for the quarter, beating analyst consensus expectations of $5.09 by $1.53. Cal-Maine Foods’ return on equity was 58.83% and net profit margin was 24.82%. The business generated $997.49 million in revenue for the quarter, compared with analyst estimates of $898.93 million. His EPS earnings for the company in the same period last year were $0.81. The company’s revenue increased by 108.9% compared to the same quarter last year. Research analysts expect Cal-Maine Foods, Inc. to post earnings per share of 16.25 this year.

Cal-Maine Foods Increases Dividend

The business recently announced a quarterly dividend payable on Thursday, May 11. Investors of record on Wednesday, April 26 will be paid a dividend of $2.20. The ex-dividend date is Tuesday, April 25. This represents his $8.80 dividend and his 18.08% yield on an annual basis. This is a positive change from Cal-Maine Foods’ previous quarterly dividend of $1.35. Cal-Maine Foods has a dividend payout ratio of 56.74%.

insider bet

In related news, EVP Charles Jeff Hardin sold 1,201 shares of Cal-Maine Foods shares in a transaction that took place on Friday, March 31st. The shares sold at an average price of $60.15, and the total transaction value he had was $72,240.15. Following the closing of the sale, the Executive Vice President now owns 4,194 shares of the company directly, valued at approximately $252,269.10. The transaction was disclosed in legal documents to the SEC that can be accessed through the SEC’s website. A company insider owns his 13.49% of the company’s shares.

Wall Street Analyst Predicts Growth

CALM has been the subject of several analyst reports. In a report on Tuesday, April 25, Stephens cut Cal-Maine Foods’ rating from ‘overweight’ to ‘equal weight’ and lowered the company’s price target from $67.00 to $60.00. . StockNews.com began covering his Cal-Maine Foods in a research note on Thursday, March 16th. They have set a “buy” rating on the stock.

About Carmain Foods

(get rating)

Cal-Maine Foods, Inc is engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs. The company operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other facilities. We sell shell eggs to national and regional grocery chains, club stores, food service distributors and egg product manufacturers.

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Want to know which other hedge funds hold CALM? Visit HoldingsChannel.com to get the latest Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) 13F filings and insider trading.

Cal-Maine Foods (NASDAQ:CALM) Quarterly Institutional Ownership

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