Marshall Wace LLP Has $158.79 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Marshall Wace LLP raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 78.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,888,556 shares of the specialty retailer’s stock after purchasing an additional 830,511 shares during the period. Marshall Wace LLP owned 1.31% of Lamb Weston worth $158,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LW. Brown Advisory Inc. bought a new stake in shares of Lamb Weston in the fourth quarter valued at about $234,000. Corient Private Wealth LLC boosted its position in shares of Lamb Weston by 29.0% in the fourth quarter. Corient Private Wealth LLC now owns 31,958 shares of the specialty retailer’s stock valued at $3,454,000 after acquiring an additional 7,185 shares during the period. US Bancorp DE boosted its position in shares of Lamb Weston by 37.8% in the fourth quarter. US Bancorp DE now owns 53,145 shares of the specialty retailer’s stock valued at $5,744,000 after acquiring an additional 14,589 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Lamb Weston by 2.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,036 shares of the specialty retailer’s stock valued at $1,517,000 after acquiring an additional 334 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Lamb Weston by 51.7% in the fourth quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock valued at $17,827,000 after acquiring an additional 56,180 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William G. Jurgensen acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is currently owned by insiders.

Lamb Weston Stock Down 0.8 %

LW stock opened at $64.90 on Tuesday. The stock has a market capitalization of $9.37 billion, a P/E ratio of 8.66, 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 Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The firm has a 50-day moving average price of $63.19 and a 200-day moving average price of $79.21.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The company had revenue of $1.61 billion during 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%. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company 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. This represents a $1.44 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LW. JPMorgan Chase & Co. reduced their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Citigroup upped their price objective on shares of Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America upped their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. TD Cowen cut shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price objective for the stock from $105.00 to $61.00 in a research report on Thursday, July 25th. Finally, Wells Fargo & Company cut their price objective 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. One investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.30.

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.