Jefferies Group LLC Has $1.46 Million Position in Lamb Weston Holdings (NYSE:LW)

Jefferies Group LLC trimmed its position in shares of Lamb Weston Holdings (NYSE:LW) by 43.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,797 shares of the specialty retailer’s stock after selling 19,786 shares during the period. Jefferies Group LLC’s holdings in Lamb Weston were worth $1,456,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LW. Nationwide Fund Advisors boosted its position in Lamb Weston by 3.9% in the 3rd quarter. Nationwide Fund Advisors now owns 320,216 shares of the specialty retailer’s stock valued at $15,015,000 after buying an additional 12,056 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Lamb Weston by 1.0% during the third quarter. First Trust Advisors LP now owns 113,354 shares of the specialty retailer’s stock worth $5,315,000 after purchasing an additional 1,079 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Lamb Weston during the third quarter worth about $714,000. Principal Financial Group Inc. lifted its position in shares of Lamb Weston by 4.0% during the third quarter. Principal Financial Group Inc. now owns 616,391 shares of the specialty retailer’s stock worth $28,903,000 after purchasing an additional 23,929 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Lamb Weston by 30.2% during the third quarter. Sei Investments Co. now owns 151,780 shares of the specialty retailer’s stock worth $7,118,000 after purchasing an additional 35,196 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

LW stock opened at $61.78 on Friday. Lamb Weston Holdings has a 12-month low of $40.75 and a 12-month high of $62.83. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. The company has a market capitalization of $8,690.10, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.94 and a beta of 0.78.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $863.40 million during the quarter, compared to the consensus estimate of $813.81 million. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 EPS. research analysts expect that Lamb Weston Holdings will post 2.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be issued a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.24%. Lamb Weston’s dividend payout ratio is currently 32.76%.

In related news, Director Peter J. Bensen purchased 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were bought at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the transaction, the director now directly owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.

LW has been the topic of several research reports. Jefferies Group raised their price target on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Thursday, January 25th. Morgan Stanley raised their target price on shares of Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Stifel Nicolaus restated a “hold” rating and set a $64.00 target price (up from $58.00) on shares of Lamb Weston in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Lamb Weston presently has a consensus rating of “Buy” and a consensus price target of $59.71.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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