SRN Advisors LLC Has $735,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

SRN Advisors LLC lessened its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,738 shares of the specialty retailer’s stock after selling 200 shares during the period. SRN Advisors LLC’s holdings in Lamb Weston were worth $735,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maven Securities LTD acquired a new stake in shares of Lamb Weston during the second quarter worth $504,000. Cetera Investment Advisers lifted its stake in Lamb Weston by 57.5% in the second quarter. Cetera Investment Advisers now owns 30,499 shares of the specialty retailer’s stock valued at $2,564,000 after buying an additional 11,138 shares during the period. EP Wealth Advisors LLC boosted its holdings in Lamb Weston by 6.3% during the second quarter. EP Wealth Advisors LLC now owns 4,037 shares of the specialty retailer’s stock worth $339,000 after buying an additional 239 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of Lamb Weston during the 2nd quarter worth about $206,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Lamb Weston by 42.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,554 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 1,349 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Activity

In other news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Lamb Weston Stock Performance

NYSE LW opened at $64.91 on Wednesday. The firm’s fifty day moving average price is $61.89 and its two-hundred day moving average price is $77.92. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a market capitalization of $9.37 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 6.18 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. As a group, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LW. TD Cowen boosted their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and lowered their target price for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Bank of America upped their price objective on Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.70.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.