Cadence Bank acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 37,445 shares of the specialty retailer's stock, valued at approximately $2,502,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Lamb Weston during the fourth quarter worth $96,736,000. Boston Partners grew its holdings in shares of Lamb Weston by 26.8% in 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 last quarter. Liberty One Investment Management LLC grew its holdings in shares of Lamb Weston by 697.4% in the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock worth $23,408,000 after purchasing an additional 306,343 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Lamb Weston during the 4th quarter worth about $19,802,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Lamb Weston by 97.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 588,027 shares of the specialty retailer's stock valued at $39,298,000 after purchasing an additional 290,901 shares during the last quarter. 89.56% of the stock is owned by institutional investors.
Lamb Weston Stock Performance
Lamb Weston stock opened at $53.45 on Friday. The company has a market cap of $7.54 billion, a PE ratio of 21.13, a PEG ratio of 1.40 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The company's 50-day moving average is $53.96 and its two-hundred day moving average is $64.72.
Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $1.20 earnings per share. Lamb Weston's revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.
Lamb Weston Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.77%. Lamb Weston's dividend payout ratio is presently 58.04%.
Analyst Ratings Changes
Several research firms have recently weighed in on LW. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Citigroup lowered Lamb Weston from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Jefferies Financial Group lowered their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, StockNews.com upgraded shares of Lamb Weston to a "sell" rating in a research report on Monday, February 24th. One equities research 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, Lamb Weston currently has an average rating of "Hold" and a consensus target price of $71.27.
Read Our Latest Report on Lamb Weston
Lamb Weston Company 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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