3,447 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by Savant Capital LLC

Savant Capital LLC acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,447 shares of the specialty retailer’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Lamb Weston by 19.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,766 shares of the specialty retailer’s stock worth $1,920,000 after acquiring an additional 3,322 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Lamb Weston by 19.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 30,884 shares of the specialty retailer’s stock valued at $2,856,000 after purchasing an additional 4,966 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lamb Weston by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,188,941 shares of the specialty retailer’s stock worth $109,930,000 after buying an additional 25,252 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Lamb Weston by 8.2% in the 3rd quarter. New York State Teachers Retirement System now owns 170,034 shares of the specialty retailer’s stock worth $15,721,000 after buying an additional 12,834 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Lamb Weston by 2.4% during the 3rd quarter. Mackenzie Financial Corp now owns 12,375 shares of the specialty retailer’s stock valued at $1,109,000 after buying an additional 286 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

LW has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Citigroup cut their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Bank of America reduced their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Barclays dropped their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to MarketBeat, Lamb Weston presently has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $85.08 on Monday. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The stock’s fifty day moving average price is $93.67 and its 200-day moving average price is $98.47. The firm has a market cap of $12.28 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 0.79. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, equities research analysts expect that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s payout ratio is 19.23%.

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.