California Public Employees Retirement System lifted its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 298,530 shares of the specialty retailer’s stock after buying an additional 42,064 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Lamb Weston worth $16,852,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of LW. Kensico Capital Management Corp increased its position in shares of Lamb Weston by 56.9% during the third quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock worth $170,680,000 after buying an additional 1,320,000 shares during the period. Assenagon Asset Management S.A. boosted its stake in Lamb Weston by 1,254.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 621,263 shares of the specialty retailer’s stock worth $35,070,000 after acquiring an additional 575,391 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Lamb Weston by 2,176.4% during the third quarter. Artisan Partners Limited Partnership now owns 458,095 shares of the specialty retailer’s stock worth $21,480,000 after acquiring an additional 437,971 shares in the last quarter. KAMES CAPITAL plc boosted its stake in Lamb Weston by 2,097.9% during the fourth quarter. KAMES CAPITAL plc now owns 423,144 shares of the specialty retailer’s stock worth $23,886,000 after acquiring an additional 403,892 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Lamb Weston by 86.4% during the third quarter. JPMorgan Chase & Co. now owns 691,847 shares of the specialty retailer’s stock worth $32,227,000 after acquiring an additional 320,752 shares in the last quarter. Institutional investors own 80.27% of the company’s stock.
In other Lamb Weston news, Director Peter J. Bensen acquired 5,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were purchased at an average cost of $58.18 per share, with a total value of $290,900.00. Following the completion of the purchase, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the stock. Stifel Nicolaus reissued a “hold” rating and set a $64.00 target price (up from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, January 25th. Bank of America increased their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, Jefferies Group increased their target price on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $58.14.
Lamb Weston Holdings Inc (NYSE:LW) opened at $54.71 on Friday. The stock has a market cap of $7,824.45, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.80 and a beta of 0.43. Lamb Weston Holdings Inc has a 12 month low of $39.07 and a 12 month high of $60.85. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55.
Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. Lamb Weston’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. analysts predict that Lamb Weston Holdings Inc will post 2.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.40%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, February 1st. Lamb Weston’s dividend payout ratio (DPR) is 35.19%.
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About Lamb Weston
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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