Occudo Quantitative Strategies LP Invests $367,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Occudo Quantitative Strategies LP purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, Holdings Channel reports. The fund purchased 5,494 shares of the specialty retailer’s stock, valued at approximately $367,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer’s stock worth $1,112,511,000 after buying an additional 58,066 shares during the last quarter. JANA Partners Management LP increased its holdings in shares of Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer’s stock worth $476,587,000 after buying an additional 1,302,585 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Lamb Weston in the 4th quarter worth $423,270,000. Boston Partners increased its holdings in shares of Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after buying an additional 735,901 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Lamb Weston by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer’s stock worth $229,065,000 after buying an additional 48,548 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $51.63 on Friday. The firm has a market cap of $7.29 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company’s fifty day simple moving average is $52.99 and its two-hundred day simple moving average is $61.87.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.87%. Lamb Weston’s dividend payout ratio is 58.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LW shares. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the company a “hold” rating in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Barclays reduced their target price on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Wells Fargo & Company reduced their target price on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.91.

About Lamb Weston

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.