Pictet Asset Management Holding SA Purchases 402 Shares of Cal-Maine Foods, Inc. (NASDAQ:CALM)

Pictet Asset Management Holding SA increased its position in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,384 shares of the basic materials company’s stock after purchasing an additional 402 shares during the period. Pictet Asset Management Holding SA’s holdings in Cal-Maine Foods were worth $554,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Quarry LP lifted its stake in shares of Cal-Maine Foods by 32.5% in the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock valued at $58,000 after buying an additional 189 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the 4th quarter valued at about $134,000. GAMMA Investing LLC increased its holdings in Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Letitia Callender Hughes sold 809 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.45% of the stock is currently owned by corporate insiders.

Cal-Maine Foods Stock Down 3.3 %

Cal-Maine Foods stock opened at $90.33 on Wednesday. The stock has a market cap of $4.43 billion, a P/E ratio of 7.03 and a beta of 0.11. The company’s 50 day moving average price is $94.04 and its two-hundred day moving average price is $95.59. Cal-Maine Foods, Inc. has a 52 week low of $55.15 and a 52 week high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its quarterly earnings results on Tuesday, April 8th. The basic materials company reported $10.38 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $4.59. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods’s quarterly revenue was up 101.6% compared to the same quarter last year. During the same period last year, the company posted $3.00 earnings per share. On average, equities analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current year.

Cal-Maine Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $3.46 per share. This represents a $13.84 annualized dividend and a yield of 15.32%. This is a positive change from Cal-Maine Foods’s previous quarterly dividend of $1.49. Cal-Maine Foods’s dividend payout ratio is presently 46.30%.

Wall Street Analyst Weigh In

CALM has been the topic of several analyst reports. StockNews.com raised Cal-Maine Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, April 2nd. Stephens reiterated an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research note on Thursday, March 6th.

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.