Leeward Investments LLC MA Invests $12.25 Million in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Leeward Investments LLC MA acquired a new position in Cal-Maine Foods, Inc. (NASDAQ:CALM – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 221,782 shares of the basic materials company’s stock, valued at approximately $12,247,000. Leeward Investments LLC MA owned approximately 0.45% of Cal-Maine Foods at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CALM. National Bank of Canada FI purchased a new stake in shares of Cal-Maine Foods in the 4th quarter worth $42,000. Allspring Global Investments Holdings LLC bought a new position in Cal-Maine Foods in the 4th quarter worth $3,804,000. State of New Jersey Common Pension Fund D boosted its holdings in Cal-Maine Foods by 5.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 76,321 shares of the basic materials company’s stock worth $2,823,000 after buying an additional 4,050 shares during the period. Yousif Capital Management LLC bought a new position in Cal-Maine Foods in the 4th quarter worth $1,253,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Cal-Maine Foods in the 4th quarter worth $219,000. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

Cal-Maine Foods Stock Up 1.3 %

CALM opened at $51.86 on Friday. The firm has a 50-day simple moving average of $49.98 and a two-hundred day simple moving average of $48.73. Cal-Maine Foods, Inc. has a 52 week low of $34.29 and a 52 week high of $59.95. The company has a market capitalization of $2.54 billion, a PE ratio of 19.14 and a beta of -0.09.

Cal-Maine Foods (NASDAQ:CALM – Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The basic materials company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.50 by $0.75. Cal-Maine Foods had a net margin of 7.40% and a return on equity of 12.85%. The business had revenue of $593.00 million during the quarter, compared to the consensus estimate of $576.06 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The business’s revenue was up 69.4% on a year-over-year basis. As a group, sell-side analysts expect that Cal-Maine Foods, Inc. will post 4.43 earnings per share for the current year.

Cal-Maine Foods Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Monday, August 1st will be issued a $0.75 dividend. This is an increase from Cal-Maine Foods’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, July 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.78%. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 110.70%.

Analyst Ratings Changes

Several brokerages recently weighed in on CALM. TheStreet downgraded shares of Cal-Maine Foods from a “b” rating to a “c+” rating in a report on Tuesday, July 19th. StockNews.com raised shares of Cal-Maine Foods from a “hold” rating to a “buy” rating in a report on Thursday, July 21st.

Cal-Maine Foods Profile

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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, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain brand names, as well as under private labels.