Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Northwestern Mutual Wealth Management Co. grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 42.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,554 shares of the specialty retailer’s stock after purchasing an additional 1,349 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Lamb Weston were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its position in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock worth $405,000 after purchasing an additional 135 shares during the period. Somerset Trust Co lifted its stake in shares of Lamb Weston by 4.5% in the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 145 shares during the last quarter. Camarda Financial Advisors LLC boosted its holdings in Lamb Weston by 0.9% during the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Lamb Weston by 31.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock worth $70,000 after acquiring an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its stake in Lamb Weston by 1.2% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock worth $1,444,000 after purchasing an additional 161 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LW shares. Citigroup raised their target price on shares of Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a report on Monday. Bank of America upped their price objective 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. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, Barclays upped their price target on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average target price of $77.67.

Insiders Place Their Bets

In related news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $71.11 on Wednesday. The business has a fifty day simple moving average of $62.86 and a two-hundred day simple moving average of $76.45. The firm has a market capitalization of $10.27 billion, a P/E ratio of 9.49, a P/E/G ratio of 6.18 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.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. Lamb Weston’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is 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.