Massachusetts Financial Services Co. MA Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Massachusetts Financial Services Co. MA acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,342,025 shares of the specialty retailer’s stock, valued at approximately $86,883,000. Massachusetts Financial Services Co. MA owned approximately 0.94% of Lamb Weston at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LW. City State Bank increased its position in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares in the last quarter. Bridges Investment Management Inc. raised its position in Lamb Weston by 2.8% in the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after purchasing an additional 181 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Lamb Weston by 1.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after buying an additional 188 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 201 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LW has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Citigroup raised their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Bank of America upped their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Stock Performance

LW stock opened at $76.92 on Friday. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The business’s 50-day moving average price is $73.11 and its two-hundred day moving average price is $74.01. The firm has a market cap of $10.97 billion, a PE ratio of 18.06, a P/E/G ratio of 1.37 and a beta of 0.72. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.63 EPS. As a group, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. Lamb Weston’s payout ratio is 33.80%.

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.