TD Asset Management Inc Purchases 661 Shares of Lamb Weston $LW

TD Asset Management Inc lifted its position in shares of Lamb Weston (NYSE:LW) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,895 shares of the specialty retailer’s stock after acquiring an additional 661 shares during the period. TD Asset Management Inc’s holdings in Lamb Weston were worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LW. Price T Rowe Associates Inc. MD increased its position in shares of Lamb Weston by 49.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock valued at $239,877,000 after acquiring an additional 1,483,559 shares in the last quarter. Citigroup Inc. increased its position in shares of Lamb Weston by 324.4% during the first quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer’s stock valued at $60,068,000 after acquiring an additional 861,417 shares in the last quarter. Invesco Ltd. increased its position in shares of Lamb Weston by 25.7% during the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock valued at $216,180,000 after acquiring an additional 829,207 shares in the last quarter. Gates Capital Management Inc. increased its position in shares of Lamb Weston by 49.8% during the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after acquiring an additional 670,611 shares in the last quarter. Finally, Clarkston Capital Partners LLC increased its position in shares of Lamb Weston by 21.1% during the first quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock valued at $198,359,000 after acquiring an additional 648,855 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the subject of a number of research analyst reports. Cowen reaffirmed a “hold” rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Zacks Research raised shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. initiated coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price for the company. Sanford C. Bernstein set a $65.00 target price on shares of Lamb Weston and gave the stock a “market perform” rating in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 target price on shares of Lamb Weston in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $65.70.

Lamb Weston Trading Up 0.0%

Shares of Lamb Weston stock opened at $64.67 on Thursday. The company’s fifty day simple moving average is $58.53 and its 200-day simple moving average is $55.11. The stock has a market capitalization of $9.01 billion, a PE ratio of 30.94, a P/E/G ratio of 4.29 and a beta of 0.52. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The business had revenue of $1.15 billion for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. As a group, equities analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio (DPR) is currently 70.81%.

Lamb Weston Company Profile

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