Canada Pension Plan Investment Board Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Canada Pension Plan Investment Board acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,100 shares of the specialty retailer's stock, valued at approximately $474,000.

Other hedge funds also recently made changes to their positions in the company. West Oak Capital LLC raised its position in Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 274 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston in the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lamb Weston in the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. bought a new stake in Lamb Weston in the fourth quarter valued at about $47,000. Finally, Advantage Trust Co acquired a new position in shares of Lamb Weston in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Down 1.3 %

Shares of LW traded down $0.70 during trading hours on Friday, hitting $51.90. The stock had a trading volume of 1,325,915 shares, compared to its average volume of 2,666,823. The firm has a 50 day simple moving average of $53.31 and a 200-day simple moving average of $64.02. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market capitalization of $7.32 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter last year, the firm posted $1.20 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. 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 2.85%. Lamb Weston's dividend payout ratio (DPR) is currently 58.04%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LW. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a report on Thursday. Jefferies Financial Group decreased their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $70.64.

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.