13,869 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,869 shares of the specialty retailer's stock, valued at approximately $927,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LW. City State Bank boosted its stake in Lamb Weston by 56.2% in the third 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. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston during the third quarter worth about $29,000. West Oak Capital LLC lifted its holdings in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 274 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Lamb Weston in the 3rd quarter valued at about $35,000. Finally, CVA Family Office LLC grew its stake in Lamb Weston by 143.8% during the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer's stock worth $37,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE LW traded up $1.07 during mid-day trading on Monday, hitting $60.14. The stock had a trading volume of 1,961,015 shares, compared to its average volume of 3,485,305. The company has a 50 day simple moving average of $71.29 and a 200 day simple moving average of $69.32. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 1.48 and a beta of 0.73. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $110.61.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a positive change from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.46%. Lamb Weston's dividend payout ratio is currently 56.92%.

Wall Street Analyst Weigh In

LW has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Stifel Nicolaus decreased their price target on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Jefferies Financial Group lifted their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. TD Cowen raised their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a report on Tuesday, September 24th. Finally, Bank of America boosted their price target on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $81.00.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction 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 completion of the acquisition, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

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.