First National Bank of Omaha Trims Stake in Lamb Weston Holdings Inc (LW)

First National Bank of Omaha lessened its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,189 shares of the specialty retailer’s stock after selling 1,720 shares during the quarter. First National Bank of Omaha owned about 0.09% of Lamb Weston worth $9,070,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LW. Macquarie Group Ltd. acquired a new stake in shares of Lamb Weston during the second quarter worth about $54,064,000. KAMES CAPITAL plc lifted its position in shares of Lamb Weston by 124.3% during the second quarter. KAMES CAPITAL plc now owns 948,969 shares of the specialty retailer’s stock worth $64,957,000 after purchasing an additional 525,825 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Lamb Weston by 4,817.8% during the second quarter. BNP Paribas Arbitrage SA now owns 521,731 shares of the specialty retailer’s stock worth $35,744,000 after purchasing an additional 511,122 shares in the last quarter. Rathbone Brothers plc acquired a new stake in shares of Lamb Weston during the second quarter worth about $23,773,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Lamb Weston by 223.8% during the second quarter. Canada Pension Plan Investment Board now owns 492,810 shares of the specialty retailer’s stock worth $33,762,000 after purchasing an additional 340,600 shares in the last quarter. 79.76% of the stock is currently owned by institutional investors and hedge funds.

LW stock opened at $78.63 on Tuesday. Lamb Weston Holdings Inc has a twelve month low of $50.60 and a twelve month high of $79.97. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.35 and a beta of -0.53.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The company had revenue of $914.90 million for the quarter, compared to analysts’ expectations of $879.68 million. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts expect that Lamb Weston Holdings Inc will post 2.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be issued a dividend of $0.191 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. Lamb Weston’s payout ratio is currently 28.57%.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Wednesday, October 24th. Stifel Nicolaus raised their target price on shares of Lamb Weston from $68.00 to $74.00 and gave the company a “hold” rating in a report on Wednesday, October 3rd. ValuEngine cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. CL King cut shares of Lamb Weston from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Lamb Weston in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.00.

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Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, 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.

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

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