UBS Asset Management Americas Inc. boosted its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 207,863 shares of the specialty retailer’s stock after purchasing an additional 46,141 shares during the period. UBS Asset Management Americas Inc. owned about 0.14% of Lamb Weston worth $11,734,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Lamb Weston by 5.0% in the fourth quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock worth $743,124,000 after buying an additional 622,607 shares during the period. Bank of New York Mellon Corp boosted its position in Lamb Weston by 8.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,678,112 shares of the specialty retailer’s stock valued at $94,730,000 after purchasing an additional 127,686 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in Lamb Weston during the fourth quarter valued at $1,146,000. Rhumbline Advisers boosted its position in Lamb Weston by 4.2% during the fourth quarter. Rhumbline Advisers now owns 315,243 shares of the specialty retailer’s stock valued at $17,795,000 after purchasing an additional 12,769 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Lamb Weston by 27.0% during the fourth quarter. Arizona State Retirement System now owns 105,211 shares of the specialty retailer’s stock valued at $5,939,000 after purchasing an additional 22,338 shares during the last quarter. 80.64% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Peter J. Bensen purchased 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was purchased at an average cost of $58.18 per share, with a total value of $290,900.00. Following the completion of the purchase, the director now owns 1,935 shares in the company, valued at approximately $112,578.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.
Shares of Lamb Weston Holdings Inc (LW) traded down $0.39 during trading on Wednesday, reaching $56.08. 468,271 shares of the company’s stock were exchanged, compared to its average volume of 1,195,415. Lamb Weston Holdings Inc has a 1 year low of $40.61 and a 1 year high of $60.85. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. The firm has a market capitalization of $8,372.79, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.93 and a beta of 1.25.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. research analysts expect that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were paid a $0.1913 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, February 1st. Lamb Weston’s payout ratio is 35.19%.
Several brokerages recently issued reports on LW. Stifel Nicolaus boosted their price target on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Jefferies Group increased their price objective on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.14.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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