Advisor Partners LLC lowered its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,110 shares of the specialty retailer’s stock after selling 467 shares during the quarter. Advisor Partners LLC’s holdings in Lamb Weston were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Lamb Weston by 79.1% in the second quarter. Wells Fargo & Company MN now owns 4,150,079 shares of the specialty retailer’s stock valued at $262,949,000 after acquiring an additional 1,832,695 shares during the period. William Blair Investment Management LLC raised its stake in shares of Lamb Weston by 78.6% in the second quarter. William Blair Investment Management LLC now owns 3,334,556 shares of the specialty retailer’s stock valued at $211,277,000 after acquiring an additional 1,468,016 shares during the period. BlackRock Inc. raised its stake in shares of Lamb Weston by 11.6% in the second quarter. BlackRock Inc. now owns 12,967,335 shares of the specialty retailer’s stock valued at $821,610,000 after acquiring an additional 1,349,262 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Lamb Weston by 981,838.9% in the second quarter. Rockefeller Capital Management L.P. now owns 1,109,591 shares of the specialty retailer’s stock valued at $70,304,000 after acquiring an additional 1,109,478 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Lamb Weston in the second quarter valued at $60,065,000. Institutional investors and hedge funds own 87.18% of the company’s stock.
Several equities research analysts have recently weighed in on LW shares. TheStreet raised shares of Lamb Weston from a “d+” rating to a “c+” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 target price on the stock in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.71.
LW stock opened at $76.97 on Friday. The company has a market capitalization of $11.25 billion, a PE ratio of 23.90, a P/E/G ratio of 2.91 and a beta of 0.17. Lamb Weston Holdings Inc has a 12 month low of $58.83 and a 12 month high of $83.86. The firm’s 50-day moving average is $73.72 and its 200 day moving average is $68.05. The company has a debt-to-equity ratio of 23.94, a current ratio of 1.68 and a quick ratio of 0.81.
Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $989.00 million for the quarter, compared to the consensus estimate of $971.45 million. Lamb Weston had a net margin of 12.44% and a negative return on equity of 1,426.55%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. Sell-side analysts forecast that Lamb Weston Holdings Inc will post 3.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, October 31st. Lamb Weston’s dividend payout ratio is presently 24.84%.
Lamb Weston 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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