Mutual of America Capital Management LLC Grows Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Mutual of America Capital Management LLC boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,645 shares of the specialty retailer’s stock after acquiring an additional 2,077 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lamb Weston were worth $3,417,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Lamb Weston in the 2nd quarter valued at about $1,344,000. Quantbot Technologies LP acquired a new stake in Lamb Weston in the 2nd quarter valued at approximately $2,998,000. Dimensional Fund Advisors LP raised its stake in Lamb Weston by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,121,626 shares of the specialty retailer’s stock valued at $94,300,000 after acquiring an additional 38,970 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Lamb Weston by 410.4% in the second quarter. Brown Brothers Harriman & Co. now owns 3,731 shares of the specialty retailer’s stock worth $314,000 after purchasing an additional 3,000 shares during the period. Finally, Weik Capital Management increased its stake in Lamb Weston by 195.5% during the 2nd quarter. Weik Capital Management now owns 10,935 shares of the specialty retailer’s stock valued at $919,000 after buying an additional 7,235 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was bought 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 owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by insiders.

Lamb Weston Trading Down 0.8 %

Shares of NYSE LW opened at $64.90 on Tuesday. The firm has a market capitalization of $9.37 billion, a P/E ratio of 8.66, a P/E/G ratio of 5.96 and a beta of 0.75. The company’s 50 day simple moving average is $63.19 and its 200 day simple moving average is $79.21. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

Lamb Weston (NYSE:LW) last posted its earnings results 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. On average, analysts predict that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were given a dividend of $0.36 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.22%. Lamb Weston’s dividend payout ratio is 19.23%.

Analyst Ratings Changes

LW has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Citigroup lifted their price target on Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a report on Monday. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $60.00 in a research note on Thursday, July 25th. Finally, Bank of America lifted their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.30.

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.