Lamb Weston Holdings Inc (LW) Stake Increased by Daiwa Securities Group Inc.

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Daiwa Securities Group Inc. lifted its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 6,095.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,195 shares of the specialty retailer’s stock after buying an additional 6,095 shares during the period. Daiwa Securities Group Inc.’s holdings in Lamb Weston were worth $456,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Lamb Weston by 62.4% during the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Bollard Group LLC boosted its position in Lamb Weston by 0.8% during the fourth quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock valued at $2,008,000 after purchasing an additional 216 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in Lamb Weston by 5.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 4,155 shares of the specialty retailer’s stock valued at $305,000 after purchasing an additional 224 shares during the last quarter. Timber Creek Capital Management LLC boosted its position in Lamb Weston by 143.5% during the fourth quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 310 shares during the last quarter. Finally, Advisor Partners LLC boosted its position in Lamb Weston by 6.6% during the fourth quarter. Advisor Partners LLC now owns 6,571 shares of the specialty retailer’s stock valued at $483,000 after purchasing an additional 409 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on LW shares. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the company a “buy” rating in a research report on Friday, January 4th. Barclays lifted their price objective on Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, January 7th. Bank of America cut Lamb Weston from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $85.00 in a research report on Thursday, November 15th. CL King cut Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Finally, Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.14.

Shares of NYSE:LW opened at $70.30 on Wednesday. Lamb Weston Holdings Inc has a fifty-two week low of $53.29 and a fifty-two week high of $83.86. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.90 and a beta of -0.14.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The company had revenue of $911.40 million during the quarter, compared to analysts’ expectations of $897.08 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts expect that Lamb Weston Holdings Inc will post 3.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.14%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is currently 30.08%.

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

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