Canada Pension Plan Investment Board reduced its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 86.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,941 shares of the specialty retailer’s stock after selling 56,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Lamb Weston Holdings were worth $419,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of LW. Dimensional Fund Advisors LP increased its position in Lamb Weston Holdings by 23.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 342,995 shares of the specialty retailer’s stock worth $14,426,000 after buying an additional 64,340 shares during the period. Renaissance Technologies LLC bought a new position in Lamb Weston Holdings in the 1st quarter worth approximately $3,441,000. State of Alaska Department of Revenue bought a new position in Lamb Weston Holdings in the 2nd quarter worth approximately $175,000. Oregon Public Employees Retirement Fund increased its position in Lamb Weston Holdings by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 50,767 shares of the specialty retailer’s stock worth $2,236,000 after buying an additional 2,120 shares during the period. Finally, LS Investment Advisors LLC increased its position in Lamb Weston Holdings by 19.4% in the 2nd quarter. LS Investment Advisors LLC now owns 11,193 shares of the specialty retailer’s stock worth $493,000 after buying an additional 1,815 shares during the period. 79.88% of the stock is currently owned by institutional investors.
LW has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target on shares of Lamb Weston Holdings in a research report on Monday, September 25th. Zacks Investment Research raised Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Friday, October 6th. Finally, Bank of America Corporation boosted their price objective on Lamb Weston Holdings from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $50.63.
Shares of Lamb Weston Holdings Inc. (LW) opened at $53.74 on Wednesday. The stock has a market capitalization of $7,849.32 and a P/E ratio of 23.34. The company has a current ratio of 1.62, a quick ratio of 0.67 and a debt-to-equity ratio of -4.10. Lamb Weston Holdings Inc. has a 1 year low of $30.43 and a 1 year high of $54.21.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $817.50 million for the quarter, compared to analysts’ expectations of $795.61 million. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. analysts predict that Lamb Weston Holdings Inc. will post 2.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio is presently 33.63%.
Lamb Weston Holdings 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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