Significant Wealth Partners LLC Acquires Shares of 1,978 Lamb Weston Holdings, Inc. (NYSE:LW)

Significant Wealth Partners LLC bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,978 shares of the specialty retailer’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in Lamb Weston by 406.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer’s stock valued at $86,407,000 after purchasing an additional 750,033 shares in the last quarter. Artemis Investment Management LLP boosted its stake in shares of Lamb Weston by 277.2% during the 4th quarter. Artemis Investment Management LLP now owns 566,553 shares of the specialty retailer’s stock valued at $61,238,000 after buying an additional 416,339 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in shares of Lamb Weston by 121.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock worth $69,014,000 after buying an additional 409,810 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Lamb Weston by 115.8% in the third quarter. California Public Employees Retirement System now owns 639,798 shares of the specialty retailer’s stock worth $59,156,000 after buying an additional 343,351 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Lamb Weston in the third quarter worth $24,254,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

LW stock opened at $82.12 on Tuesday. The company has a 50 day simple moving average of $97.02 and a 200 day simple moving average of $98.79. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.32 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. Lamb Weston Holdings, Inc. has a 1 year low of $77.41 and a 1 year high of $117.38.

Lamb Weston (NYSE:LWGet Free Report) last posted its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is 19.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LW. Bank of America decreased their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Citigroup lowered their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Barclays cut their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. Finally, BNP Paribas initiated coverage on shares of Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective for the company. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

View Our Latest Research Report on LW

Lamb Weston Profile

(Free Report)

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.

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

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