Skandinaviska Enskilda Banken AB publ Lowers Holdings in Cal-Maine Foods, Inc. $CALM

Skandinaviska Enskilda Banken AB publ reduced its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 69.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,758 shares of the basic materials company’s stock after selling 13,342 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Cal-Maine Foods were worth $541,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Cal-Maine Foods by 6.8% in the second quarter. State Street Corp now owns 1,716,731 shares of the basic materials company’s stock valued at $171,038,000 after acquiring an additional 108,578 shares in the last quarter. American Century Companies Inc. lifted its position in Cal-Maine Foods by 8.8% in the second quarter. American Century Companies Inc. now owns 1,563,734 shares of the basic materials company’s stock valued at $155,795,000 after purchasing an additional 126,791 shares during the period. Geode Capital Management LLC boosted its holdings in Cal-Maine Foods by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,095,246 shares of the basic materials company’s stock valued at $109,132,000 after purchasing an additional 76,102 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Cal-Maine Foods by 60.1% in the 2nd quarter. Squarepoint Ops LLC now owns 934,037 shares of the basic materials company’s stock valued at $93,058,000 after purchasing an additional 350,771 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Cal-Maine Foods by 6.6% during the 2nd quarter. Bank of America Corp DE now owns 705,671 shares of the basic materials company’s stock worth $70,306,000 after purchasing an additional 43,414 shares during the period. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Cal-Maine Foods Price Performance

NASDAQ CALM opened at $83.81 on Friday. Cal-Maine Foods, Inc. has a 1-year low of $71.92 and a 1-year high of $126.40. The company has a market capitalization of $3.99 billion, a P/E ratio of 3.54 and a beta of 0.26. The business has a 50 day moving average price of $81.37 and a 200 day moving average price of $91.52.

Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Wednesday, January 7th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $769.50 million for the quarter, compared to analysts’ expectations of $828.46 million. Cal-Maine Foods had a return on equity of 44.55% and a net margin of 27.37%.The firm’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.47 earnings per share. On average, research analysts expect that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Wednesday, January 28th were given a $0.72 dividend. The ex-dividend date was Wednesday, January 28th. This represents a $2.88 annualized dividend and a dividend yield of 3.4%. Cal-Maine Foods’s payout ratio is currently 12.21%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CALM shares. BMO Capital Markets reduced their price target on Cal-Maine Foods from $97.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday, January 8th. Benchmark reissued a “buy” rating on shares of Cal-Maine Foods in a report on Monday, January 5th. Weiss Ratings lowered shares of Cal-Maine Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. Finally, Stephens set a $85.00 price target on shares of Cal-Maine Foods and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $93.00.

Cal-Maine Foods Company 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.