Valueinvest Asset Management S.A. reduced its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 901,111 shares of the specialty retailer’s stock after selling 276,300 shares during the period. Lamb Weston makes up approximately 3.1% of Valueinvest Asset Management S.A.’s investment portfolio, making the stock its 10th biggest holding. Valueinvest Asset Management S.A. owned 0.62% of Lamb Weston worth $50,868,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. DSAM Partners London Ltd acquired a new position in shares of Lamb Weston in the 4th quarter worth approximately $15,054,000. Clarus Wealth Advisors acquired a new position in shares of Lamb Weston in the 4th quarter valued at $453,000. Crossmark Global Holdings Inc. boosted its holdings in shares of Lamb Weston by 22.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the specialty retailer’s stock valued at $1,052,000 after buying an additional 3,423 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Lamb Weston in the 4th quarter valued at $1,855,000. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Lamb Weston by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 28,457 shares of the specialty retailer’s stock valued at $1,606,000 after buying an additional 932 shares in the last quarter. Institutional investors and hedge funds own 79.50% of the company’s stock.
Shares of Lamb Weston Holdings Inc (LW) traded down $0.24 during trading hours on Wednesday, hitting $54.30. 935,353 shares of the company were exchanged, compared to its average volume of 1,280,663. Lamb Weston Holdings Inc has a fifty-two week low of $39.07 and a fifty-two week high of $60.85. The company has a market capitalization of $8,054.02, a price-to-earnings ratio of 25.25, a PEG ratio of 1.86 and a beta of 0.43. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of -4.43.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $824.60 million during the quarter, compared to the consensus estimate of $815.29 million. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. analysts forecast that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.41%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, February 1st. Lamb Weston’s dividend payout ratio is presently 35.19%.
A number of analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group increased their price target on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, Bank of America raised their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a report on Monday, November 6th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Lamb Weston currently has an average rating of “Buy” and an average target price of $58.14.
In other Lamb Weston news, Director Peter J. Bensen purchased 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The stock was bought at an average cost of $58.18 per share, with a total value of $290,900.00. Following the acquisition, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.
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Lamb Weston Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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