Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp grew its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,955 shares of the specialty retailer’s stock after buying an additional 3,448 shares during the quarter. Cibc World Markets Corp’s holdings in Lamb Weston were worth $3,739,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Alberta Investment Management Corp acquired a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $2,641,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $2,850,000. Leeward Investments LLC MA lifted its holdings in shares of Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after buying an additional 45,904 shares during the period. HB Wealth Management LLC increased its stake in Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after purchasing an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock valued at $82,174,000 after purchasing an additional 16,092 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on LW. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. StockNews.com raised Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Barclays dropped their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.73.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the acquisition, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $52.75 on Friday. The company has a market cap of $7.52 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $107.50. The business has a fifty day simple moving average of $56.49 and a 200-day simple moving average of $66.20.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the firm earned $1.45 EPS. Lamb Weston’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.81%. Lamb Weston’s payout ratio is currently 58.50%.

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.