American Century Companies Inc. Has $33.54 Million Stock Holdings in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Posted by Defense World Staff on Aug 29th, 2023

American Century Companies Inc. boosted its holdings in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM – Free Report) by 107.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 550,897 shares of the basic materials company’s stock after buying an additional 285,299 shares during the period. American Century Companies Inc. owned approximately 1.12% of Cal-Maine Foods worth $33,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Cal-Maine Foods by 0.8% in the 1st quarter. BlackRock Inc. now owns 6,199,712 shares of the basic materials company’s stock valued at $342,347,000 after purchasing an additional 48,222 shares during the period. Vanguard Group Inc. increased its stake in shares of Cal-Maine Foods by 9.8% in the third quarter. Vanguard Group Inc. now owns 4,992,618 shares of the basic materials company’s stock worth $277,540,000 after acquiring an additional 446,909 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cal-Maine Foods by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,802,668 shares of the basic materials company’s stock worth $98,152,000 after acquiring an additional 85,878 shares during the last quarter. Millennium Management LLC boosted its position in Cal-Maine Foods by 2.9% during the fourth quarter. Millennium Management LLC now owns 1,604,025 shares of the basic materials company’s stock valued at $87,339,000 after purchasing an additional 45,771 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Cal-Maine Foods by 16.8% in the fourth quarter. First Trust Advisors LP now owns 1,222,316 shares of the basic materials company’s stock valued at $66,546,000 after purchasing an additional 175,942 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CALM has been the subject of several research reports. The Goldman Sachs Group reduced their price target on Cal-Maine Foods from $43.00 to $40.00 in a report on Thursday, July 6th. Stephens decreased their target price on shares of Cal-Maine Foods from $50.00 to $47.00 in a research report on Wednesday, July 26th. Finally, StockNews.com started coverage on shares of Cal-Maine Foods in a research note on Thursday, August 17th. They issued a “hold” rating for the company.

Check Out Our Latest Research Report on Cal-Maine Foods

Cal-Maine Foods Stock Up 0.4 %

Shares of CALM stock opened at $47.22 on Tuesday. Cal-Maine Foods, Inc. has a 12 month low of $43.29 and a 12 month high of $65.32. The business’s 50 day moving average is $45.52 and its two-hundred day moving average is $50.28. The company has a market cap of $2.31 billion, a PE ratio of 3.04, a price-to-earnings-growth ratio of 0.96 and a beta of -0.05.

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $2.27 EPS for the quarter, beating the consensus estimate of $1.38 by $0.89. Cal-Maine Foods had a return on equity of 53.64% and a net margin of 24.09%. The company had revenue of $688.70 million for the quarter, compared to the consensus estimate of $612.94 million. During the same quarter last year, the company posted $2.25 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities analysts expect that Cal-Maine Foods, Inc. will post 2.96 EPS for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th were issued a dividend of $0.76 per share. The ex-dividend date was Friday, August 4th. This represents a $3.04 annualized dividend and a yield of 6.44%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 19.45%.

Cal-Maine Foods Profile

(Free Report)

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.