Vontobel Holding Ltd. Grows Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Vontobel Holding Ltd. lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 19.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,208 shares of the specialty retailer’s stock after buying an additional 1,188 shares during the period. Vontobel Holding Ltd.’s holdings in Lamb Weston were worth $467,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. NBC Securities Inc. grew its holdings in Lamb Weston by 61.4% in the third quarter. NBC Securities Inc. now owns 4,341 shares of the specialty retailer’s stock worth $281,000 after purchasing an additional 1,652 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Lamb Weston by 32.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 1,109,375 shares of the specialty retailer’s stock valued at $71,821,000 after buying an additional 269,209 shares in the last quarter. CVA Family Office LLC raised its stake in Lamb Weston by 143.8% in the third quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 338 shares during the last quarter. City State Bank boosted its holdings in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Lamb Weston by 5.6% during the third quarter. Inspire Investing LLC now owns 18,671 shares of the specialty retailer’s stock worth $1,209,000 after acquiring an additional 985 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 1.2 %

Shares of LW opened at $77.31 on Tuesday. The stock’s 50-day moving average price is $65.40 and its 200-day moving average price is $74.57. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.27 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company earned $1.63 EPS. The business’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

Analyst Upgrades and Downgrades

LW has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Citigroup raised their price target on shares of Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. The Goldman Sachs Group reduced their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $79.00.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

About Lamb Weston

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.