Lamb Weston Holdings Inc (LW) Stake Lifted by California State Teachers Retirement System

California State Teachers Retirement System increased its stake in Lamb Weston Holdings Inc (NYSE:LW) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,961 shares of the specialty retailer’s stock after acquiring an additional 5,012 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Lamb Weston worth $17,946,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LW. Capital International Investors bought a new stake in Lamb Weston during the third quarter worth approximately $198,541,000. Oregon Public Employees Retirement Fund lifted its position in shares of Lamb Weston by 4,768.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 2,749,828 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Lamb Weston by 82.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,311,849 shares of the specialty retailer’s stock valued at $87,369,000 after acquiring an additional 592,622 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Lamb Weston in the 3rd quarter valued at approximately $26,306,000. Finally, Northern Trust Corp lifted its position in shares of Lamb Weston by 32.9% in the 4th quarter. Northern Trust Corp now owns 1,548,228 shares of the specialty retailer’s stock valued at $113,888,000 after acquiring an additional 383,404 shares in the last quarter. Hedge funds and other institutional investors own 82.12% of the company’s stock.

LW stock opened at $69.51 on Friday. Lamb Weston Holdings Inc has a 12-month low of $54.04 and a 12-month high of $83.86. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.90 and a beta of -0.19.

Lamb Weston (NYSE:LW) last released its earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The company had revenue of $911.40 million during the quarter, compared to the consensus estimate of $897.08 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts expect that Lamb Weston Holdings Inc will post 3.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were given a $0.20 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. Lamb Weston’s dividend payout ratio is presently 30.08%.

Several equities research analysts recently commented on LW shares. Jefferies Financial Group set a $85.00 price target on shares of Lamb Weston and gave the company a “buy” rating in a research report on Friday, January 25th. Stifel Nicolaus upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, January 22nd. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Daiwa Capital Markets started coverage on shares of Lamb Weston in a research report on Wednesday, February 27th. They issued an “outperform” rating for the company. Finally, Barclays upped their price target on shares of Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Lamb Weston presently has an average rating of “Hold” and an average target price of $77.14.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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