Bank of Montreal Can Has $20.58 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Bank of Montreal Can lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 66.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,044 shares of the specialty retailer's stock after acquiring an additional 123,195 shares during the period. Bank of Montreal Can owned about 0.22% of Lamb Weston worth $20,577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LW. Clarkston Capital Partners LLC boosted its stake in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock valued at $201,207,000 after acquiring an additional 1,618,570 shares during the period. TPG GP A LLC grew its stake in Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock worth $245,869,000 after buying an additional 1,247,206 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Lamb Weston by 5.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer's stock worth $171,993,000 after buying an additional 114,049 shares during the last quarter. Champlain Investment Partners LLC increased its position in Lamb Weston by 31.6% in the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer's stock worth $126,309,000 after buying an additional 468,190 shares during the period. Finally, Marshall Wace LLP lifted its stake in Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock valued at $158,790,000 after buying an additional 830,511 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 0.7 %

NYSE:LW traded up $0.53 during trading hours on Friday, hitting $77.24. 689,202 shares of the stock traded hands, compared to its average volume of 2,473,671. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.37 and a beta of 0.72. The firm has a 50 day moving average price of $74.25 and a 200 day moving average price of $73.75. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. Equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, November 1st. Lamb Weston's payout ratio is currently 33.80%.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Bank of America raised their target price on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Barclays raised their price target on Lamb Weston from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Finally, Stifel Nicolaus upped their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $82.22.

Lamb Weston 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.