Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,509 shares of the specialty retailer’s stock after acquiring an additional 1,549 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Lamb Weston were worth $1,136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LW. WFA Asset Management Corp increased its position in Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares during the period. EntryPoint Capital LLC acquired a new stake in Lamb Weston in the first quarter worth $28,000. Redmont Wealth Advisors LLC acquired a new stake in Lamb Weston in the first quarter worth $32,000. Crewe Advisors LLC increased its position in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after buying an additional 261 shares during the period. Finally, GAMMA Investing LLC increased its position in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after buying an additional 220 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $55.43 per share, with a total value of $554,300.00. Following 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 legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

LW has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus lowered Lamb Weston from a “buy” rating to a “hold” rating and dropped their target price for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Barclays decreased their price target on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, Citigroup decreased their price target on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.20.

Lamb Weston Price Performance

Shares of NYSE LW opened at $65.44 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The firm has a 50-day moving average of $63.43 and a two-hundred day moving average of $79.78. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 5.96 and a beta of 0.75.

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

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.20%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Lamb Weston Company 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.