Pacer Advisors Inc. Has $33.32 Million Stock Position in Cal-Maine Foods, Inc. $CALM

Pacer Advisors Inc. lessened its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 418,786 shares of the basic materials company’s stock after selling 14,314 shares during the quarter. Pacer Advisors Inc. owned about 0.88% of Cal-Maine Foods worth $33,323,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Cal-Maine Foods in the fourth quarter valued at about $71,000. Invesco Ltd. boosted its holdings in shares of Cal-Maine Foods by 10.6% during the fourth quarter. Invesco Ltd. now owns 696,236 shares of the basic materials company’s stock worth $55,399,000 after acquiring an additional 66,465 shares during the period. Summit Global Investments grew its position in shares of Cal-Maine Foods by 2.7% during the 4th quarter. Summit Global Investments now owns 11,874 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 317 shares in the last quarter. Caitlin John LLC bought a new position in shares of Cal-Maine Foods during the fourth quarter worth approximately $195,000. Finally, Vident Advisory LLC raised its position in shares of Cal-Maine Foods by 3.2% in the fourth quarter. Vident Advisory LLC now owns 28,051 shares of the basic materials company’s stock valued at $2,232,000 after buying an additional 872 shares in the last quarter. Institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Stock Performance

Shares of CALM stock opened at $77.73 on Friday. The stock’s fifty day moving average price is $76.85 and its two-hundred day moving average price is $80.46. The company has a market cap of $3.68 billion, a PE ratio of 5.42 and a beta of 0.26. Cal-Maine Foods, Inc. has a fifty-two week low of $71.92 and a fifty-two week high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Wednesday, April 1st. The basic materials company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. Cal-Maine Foods had a return on equity of 26.05% and a net margin of 20.07%.The company had revenue of $666.95 million for the quarter, compared to analyst estimates of $655.82 million. During the same quarter last year, the company posted $10.39 EPS. The company’s revenue for the quarter was down 53.0% compared to the same quarter last year.

Cal-Maine Foods Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, April 29th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $1.44 annualized dividend and a yield of 1.9%. Cal-Maine Foods’s payout ratio is presently 9.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CALM shares. BMO Capital Markets reduced their price target on Cal-Maine Foods from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 25th. Royal Bank Of Canada set a $100.00 target price on Cal-Maine Foods in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cal-Maine Foods in a research note on Friday, March 27th. Benchmark reaffirmed a “buy” rating on shares of Cal-Maine Foods in a research report on Tuesday, May 26th. Finally, Stephens increased their price objective on shares of Cal-Maine Foods from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Cal-Maine Foods has a consensus rating of “Hold” and a consensus price target of $94.17.

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. It sells its products to various customers, including national and regional grocery store chains, club stores, independent supermarkets, foodservice distributors, and egg product consumers primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.