Csenge Advisory Group Has $3 Million Holdings in Cal-Maine Foods, Inc. $CALM

Csenge Advisory Group increased its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 55.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,237 shares of the basic materials company’s stock after purchasing an additional 11,167 shares during the period. Csenge Advisory Group owned approximately 0.06% of Cal-Maine Foods worth $2,997,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Cal-Maine Foods by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,945,681 shares of the basic materials company’s stock valued at $449,562,000 after purchasing an additional 40,075 shares in the last quarter. American Century Companies Inc. raised its stake in Cal-Maine Foods by 13.4% during the first quarter. American Century Companies Inc. now owns 1,436,943 shares of the basic materials company’s stock worth $130,618,000 after acquiring an additional 170,322 shares in the last quarter. Northern Trust Corp raised its stake in Cal-Maine Foods by 23.5% during the first quarter. Northern Trust Corp now owns 833,054 shares of the basic materials company’s stock worth $75,725,000 after acquiring an additional 158,719 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cal-Maine Foods by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 664,304 shares of the basic materials company’s stock worth $60,385,000 after acquiring an additional 20,174 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Cal-Maine Foods by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 566,145 shares of the basic materials company’s stock valued at $56,405,000 after acquiring an additional 3,335 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Cal-Maine Foods in a research note on Saturday, September 27th. The Goldman Sachs Group dropped their price objective on shares of Cal-Maine Foods from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, October 3rd. Wall Street Zen cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 23rd. Stephens increased their price target on shares of Cal-Maine Foods from $108.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. Finally, BMO Capital Markets dropped their price objective on Cal-Maine Foods from $105.00 to $97.00 and set a “market perform” rating for the company in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Cal-Maine Foods currently has an average rating of “Hold” and a consensus target price of $101.75.

Insider Buying and Selling at Cal-Maine Foods

In other news, insider Keira L. Lombardo bought 2,800 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was bought at an average cost of $92.36 per share, for a total transaction of $258,608.00. Following the completion of the acquisition, the insider owned 3,738 shares in the company, valued at approximately $345,241.68. This trade represents a 298.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company’s stock.

Cal-Maine Foods Trading Up 0.4%

Shares of Cal-Maine Foods stock opened at $88.85 on Wednesday. The firm has a market capitalization of $4.31 billion, a PE ratio of 3.42 and a beta of 0.22. The business’s 50-day moving average price is $98.88 and its 200-day moving average price is $100.23. Cal-Maine Foods, Inc. has a 12 month low of $79.55 and a 12 month high of $126.40.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Wednesday, October 1st. The basic materials company reported $4.12 EPS for the quarter, missing analysts’ consensus estimates of $4.55 by ($0.43). Cal-Maine Foods had a return on equity of 52.31% and a net margin of 28.86%.The business had revenue of $922.60 million during the quarter, compared to analysts’ expectations of $931.62 million. During the same quarter in the previous year, the business earned $3.06 EPS. Cal-Maine Foods’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, analysts predict that Cal-Maine Foods, Inc. will post 15.59 earnings per share for the current fiscal year.

Cal-Maine Foods Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, October 29th. Cal-Maine Foods’s dividend payout ratio is currently 21.07%.

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.