Xact Kapitalforvaltning AB lifted its stake in shares of Cal-Maine Foods Inc (NASDAQ:CALM) by 53.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,237 shares of the basic materials company’s stock after buying an additional 3,200 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Cal-Maine Foods were worth $412,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. lifted its stake in Cal-Maine Foods by 97.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,060,049 shares of the basic materials company’s stock valued at $44,840,000 after buying an additional 524,083 shares during the last quarter. Norges Bank acquired a new position in Cal-Maine Foods during the fourth quarter worth about $17,686,000. APG Asset Management N.V. grew its holdings in Cal-Maine Foods by 217.9% during the fourth quarter. APG Asset Management N.V. now owns 560,098 shares of the basic materials company’s stock worth $20,725,000 after acquiring an additional 383,898 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cal-Maine Foods by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,153,995 shares of the basic materials company’s stock worth $48,813,000 after acquiring an additional 136,674 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new position in Cal-Maine Foods during the fourth quarter worth about $5,725,000. 64.06% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently issued reports on the company. BidaskClub lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Friday, May 24th. ValuEngine lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Zacks Investment Research raised Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, May 28th. Finally, Stephens set a $40.00 target price on Cal-Maine Foods and gave the stock a “hold” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.00.

In related news, Director James E. Poole sold 2,500 shares of Cal-Maine Foods stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $42.76, for a total value of $106,900.00. Following the transaction, the director now owns 8,222 shares of the company’s stock, valued at approximately $351,572.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert L. Holladay, Jr. sold 1,200 shares of Cal-Maine Foods stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $41.61, for a total value of $49,932.00. Following the completion of the transaction, the vice president now directly owns 10,690 shares in the company, valued at approximately $444,810.90. The disclosure for this sale can be found here. Company insiders own 33.03% of the company’s stock.

NASDAQ:CALM traded down $0.07 during mid-day trading on Friday, reaching $40.90. 4,104 shares of the stock were exchanged, compared to its average volume of 351,017. The firm has a market cap of $1.99 billion, a P/E ratio of 14.39 and a beta of 0.34. Cal-Maine Foods Inc has a 1-year low of $36.65 and a 1-year high of $52.30.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Monday, April 1st. The basic materials company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.32. The firm had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $385.49 million. Cal-Maine Foods had a return on equity of 15.09% and a net margin of 9.57%. Cal-Maine Foods’s revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.99 EPS. On average, equities analysts anticipate that Cal-Maine Foods Inc will post 1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Wednesday, May 1st were paid a $0.272 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $1.09 dividend on an annualized basis and a yield of 2.66%. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.15. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 38.38%.

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Cal-Maine Foods Profile

Cal-Maine Foods, Inc produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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