Sciencast Management LP Takes Position in Lamb Weston Holdings Inc (NYSE:LW)

Sciencast Management LP purchased a new stake in shares of Lamb Weston Holdings Inc (NYSE:LW) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,765 shares of the specialty retailer’s stock, valued at approximately $1,361,000.

Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC boosted its stake in Lamb Weston by 6,246.6% in the 4th quarter. Cerebellum GP LLC now owns 6,537 shares of the specialty retailer’s stock worth $562,000 after buying an additional 6,434 shares during the last quarter. 6 Meridian raised its stake in shares of Lamb Weston by 2.1% in the 4th quarter. 6 Meridian now owns 8,342 shares of the specialty retailer’s stock worth $718,000 after buying an additional 172 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Lamb Weston by 7.7% in the 4th quarter. DNB Asset Management AS now owns 20,217 shares of the specialty retailer’s stock worth $1,739,000 after buying an additional 1,449 shares in the last quarter. Diligent Investors LLC bought a new stake in shares of Lamb Weston in the 4th quarter worth $206,000. Finally, Diversified Trust Co raised its stake in shares of Lamb Weston by 16.3% in the 4th quarter. Diversified Trust Co now owns 5,997 shares of the specialty retailer’s stock worth $516,000 after buying an additional 840 shares in the last quarter. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research note on Monday, October 28th. ValuEngine downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Stifel Nicolaus downgraded Lamb Weston from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $81.00 to $92.00 in a research note on Sunday, January 5th. Barclays set a $83.00 price objective on Lamb Weston and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Lamb Weston currently has a consensus rating of “Buy” and an average target price of $82.29.

In related news, VP Bernadette M. Madarieta sold 1,320 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the transaction, the vice president now directly owns 14,777 shares of the company’s stock, valued at $1,116,993.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Jurgensen purchased 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average cost of $92.01 per share, for a total transaction of $1,656,180.00. The disclosure for this purchase can be found here. Insiders have sold 19,488 shares of company stock worth $1,762,858 over the last ninety days. 0.82% of the stock is owned by insiders.

Shares of Lamb Weston stock opened at $91.09 on Thursday. The stock’s fifty day moving average is $86.47 and its 200-day moving average is $75.69. The firm has a market capitalization of $13.25 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.93 and a beta of 0.20. The company has a quick ratio of 0.70, a current ratio of 1.65 and a debt-to-equity ratio of 10.96. Lamb Weston Holdings Inc has a 12-month low of $58.83 and a 12-month high of $94.46.

Lamb Weston (NYSE:LW) last announced its earnings results on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.88 million. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. Lamb Weston’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. Analysts expect that Lamb Weston Holdings Inc will post 3.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, January 30th. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.01%. Lamb Weston’s payout ratio is 24.84%.

About Lamb Weston

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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