Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by West Oak Capital LLC

West Oak Capital LLC increased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 155.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450 shares of the specialty retailer’s stock after buying an additional 274 shares during the period. West Oak Capital LLC’s holdings in Lamb Weston were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LW. Acadian Asset Management LLC purchased a new stake in Lamb Weston in the second quarter valued at approximately $396,000. Caprock Group LLC purchased a new stake in Lamb Weston in the second quarter valued at approximately $237,000. Choreo LLC purchased a new stake in Lamb Weston in the second quarter valued at approximately $388,000. Royal London Asset Management Ltd. grew its holdings in Lamb Weston by 0.6% in the second quarter. Royal London Asset Management Ltd. now owns 51,200 shares of the specialty retailer’s stock valued at $4,305,000 after purchasing an additional 311 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Lamb Weston by 27.7% during the second quarter. Daiwa Securities Group Inc. now owns 18,198 shares of the specialty retailer’s stock worth $1,530,000 after buying an additional 3,945 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the subject of several research reports. Citigroup downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective for the company. Bank of America boosted their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, TD Cowen upped their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $81.00.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, with a total value of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Lamb Weston Trading Down 0.1 %

LW opened at $60.83 on Friday. The stock has a market capitalization of $8.68 billion, a PE ratio of 14.28, a P/E/G ratio of 1.42 and a beta of 0.73. The firm’s fifty day moving average price is $73.60 and its 200 day moving average price is $70.51. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $110.61.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 earnings per share. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 2.43%. Lamb Weston’s dividend payout ratio is currently 58.50%.

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.