Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,251 shares of the specialty retailer’s stock after purchasing an additional 317 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Lamb Weston were worth $1,086,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. State Street Corp lifted its holdings in Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after purchasing an additional 549,812 shares during the last quarter. Geode Capital Management LLC grew its holdings in Lamb Weston by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after purchasing an additional 24,097 shares during the period. Clarkston Capital Partners LLC grew its holdings in Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after purchasing an additional 1,618,570 shares during the period. Southpoint Capital Advisors LP bought a new position in Lamb Weston in the third quarter valued at approximately $129,480,000. Finally, Champlain Investment Partners LLC lifted its stake in Lamb Weston by 31.6% in the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock valued at $126,309,000 after buying an additional 468,190 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LW. Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective on the stock. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Jefferies Financial Group upped their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Barclays decreased their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average target price of $81.00.

Lamb Weston Stock Down 1.2 %

LW stock opened at $52.38 on Tuesday. The stock has a market capitalization of $7.47 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $107.50. The firm has a 50-day moving average price of $58.45 and a 200-day moving average price of $66.83.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.45 EPS. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now directly owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

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.