XTX Topco Ltd Has $688,000 Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

XTX Topco Ltd lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 25.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,188 shares of the specialty retailer’s stock after buying an additional 1,654 shares during the period. XTX Topco Ltd’s holdings in Lamb Weston were worth $688,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in Lamb Weston by 20.0% in the 1st quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after buying an additional 34,553 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock valued at $4,028,000 after acquiring an additional 15,364 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Lamb Weston during the first quarter worth $810,000. Confluence Investment Management LLC bought a new stake in shares of Lamb Weston in the second quarter worth $7,937,000. Finally, EntryPoint Capital LLC acquired a new stake in Lamb Weston in the first quarter valued at $28,000. 89.56% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

LW has been the topic of several recent research reports. The Goldman Sachs Group cut their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and reduced their target price for the company from $115.00 to $60.00 in a report on Thursday, July 25th. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. TD Cowen downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their price target for the stock from $105.00 to $61.00 in a research report on Thursday, July 25th. Finally, Consumer Edge cut shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.20.

Lamb Weston Trading Down 0.3 %

LW opened at $65.44 on Monday. The company has a fifty day moving average price of $63.43 and a two-hundred day moving average price of $79.45. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a market cap of $9.45 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 5.96 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 posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. Analysts predict that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.20%. Lamb Weston’s dividend payout ratio (DPR) is presently 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.