Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,121,626 shares of the specialty retailer’s stock after buying an additional 38,970 shares during the period. Dimensional Fund Advisors LP owned about 0.78% of Lamb Weston worth $94,300,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its position in Lamb Weston by 410.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 3,731 shares of the specialty retailer’s stock worth $314,000 after buying an additional 3,000 shares during the last quarter. Weik Capital Management lifted its holdings in Lamb Weston by 195.5% in the 2nd quarter. Weik Capital Management now owns 10,935 shares of the specialty retailer’s stock valued at $919,000 after purchasing an additional 7,235 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Lamb Weston during the second quarter worth approximately $17,744,000. Inspire Advisors LLC grew its stake in Lamb Weston by 13.9% in the 2nd quarter. Inspire Advisors LLC now owns 5,866 shares of the specialty retailer’s stock worth $493,000 after acquiring an additional 718 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Lamb Weston by 43.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 650,509 shares of the specialty retailer’s stock valued at $54,695,000 after acquiring an additional 197,621 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on LW shares. TD Cowen upped their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday. Barclays cut their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. The Goldman Sachs Group dropped their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Citigroup boosted their price objective on shares of Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Monday. Finally, Consumer Edge lowered 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 issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.70.

Lamb Weston Price Performance

LW opened at $64.84 on Wednesday. The company has a market capitalization of $9.36 billion, a P/E ratio of 8.66, a PEG ratio of 5.96 and a beta of 0.75. The company has a 50-day moving average of $62.93 and a 200-day moving average of $78.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88.

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). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. Equities analysts expect that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.22%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Insiders Place Their Bets

In other news, Director William G. Jurgensen acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the transaction, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is owned by corporate insiders.

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.