Comerica Bank Has $1.70 Million Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Comerica Bank decreased its position in Cal-Maine Foods, Inc. (NASDAQ:CALMGet Rating) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,951 shares of the basic materials company’s stock after selling 2,930 shares during the period. Comerica Bank’s holdings in Cal-Maine Foods were worth $1,699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC boosted its holdings in Cal-Maine Foods by 34.5% during the second quarter. Eagle Bay Advisors LLC now owns 733 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 188 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new position in Cal-Maine Foods during the third quarter worth $61,000. US Bancorp DE boosted its holdings in Cal-Maine Foods by 39.1% during the first quarter. US Bancorp DE now owns 1,095 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 308 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in Cal-Maine Foods by 986.3% during the second quarter. Dark Forest Capital Management LP now owns 2,379 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,160 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Cal-Maine Foods by 7.0% during the second quarter. Captrust Financial Advisors now owns 2,804 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CALM. StockNews.com began coverage on shares of Cal-Maine Foods in a report on Wednesday, October 12th. They set a “buy” rating for the company. Stephens increased their price target on shares of Cal-Maine Foods to $67.00 in a research note on Thursday, September 29th. Finally, Bank of America cut their price target on shares of Cal-Maine Foods from $55.00 to $50.00 in a research note on Wednesday, September 28th.

Cal-Maine Foods Price Performance

Shares of CALM stock opened at $54.67 on Friday. The stock has a market cap of $2.68 billion, a P/E ratio of 5.64, a P/E/G ratio of 0.19 and a beta of -0.09. The company has a fifty day moving average price of $57.23 and a two-hundred day moving average price of $56.22. Cal-Maine Foods, Inc. has a one year low of $38.25 and a one year high of $65.32.

Cal-Maine Foods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Stockholders of record on Wednesday, January 25th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend is Tuesday, January 24th. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $0.85. Cal-Maine Foods’s dividend payout ratio (DPR) is currently 35.15%.

Cal-Maine Foods Company Profile

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Cal-Maine Foods, Inc engages in the production, grading, packing, marketing, and distribution of fresh shell eggs. The firm operates farms, processing plants, hatcheries, feed mills, warehouses, offices and other properties. It markets shell eggs to national and regional grocery store chains, club stores, foodservice distributors, and egg product manufacturers.

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Institutional Ownership by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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