Aviva PLC trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,629 shares of the specialty retailer's stock after selling 69,066 shares during the period. Aviva PLC owned about 0.08% of Lamb Weston worth $7,727,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LW. Vanguard Group Inc. lifted its stake in shares of Lamb Weston by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after buying an additional 58,066 shares during the period. State Street Corp raised its holdings in Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock valued at $402,791,000 after acquiring an additional 549,812 shares during the last quarter. Boston Partners lifted its stake in shares of Lamb Weston by 26.8% during the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lamb Weston by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock worth $229,065,000 after purchasing an additional 48,548 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Lamb Weston in the fourth quarter valued at $96,736,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on LW. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating for the company in a research report on Friday, April 4th. StockNews.com upgraded shares of Lamb Weston to a "sell" rating in a report on Monday, February 24th. Finally, Barclays dropped their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $71.27.
Check Out Our Latest Research Report on Lamb Weston
Lamb Weston Stock Up 2.1 %
NYSE LW traded up $1.15 on Monday, reaching $55.89. The company had a trading volume of 185,460 shares, compared to its average volume of 2,689,088. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The firm has a 50-day moving average of $54.33 and a 200-day moving average of $65.03. The firm has a market capitalization of $7.89 billion, a PE ratio of 22.09, a P/E/G ratio of 1.40 and a beta of 0.48.
Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.
Lamb Weston Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.65%. Lamb Weston's dividend payout ratio is presently 58.04%.
Lamb Weston Profile
(
Free Report)
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.
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