Geode Capital Management LLC Acquires 24,097 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Geode Capital Management LLC lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,388,056 shares of the specialty retailer's stock after acquiring an additional 24,097 shares during the period. Geode Capital Management LLC owned 2.38% of Lamb Weston worth $218,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. City State Bank grew its stake in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer's stock worth $1,214,000 after buying an additional 156 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of Lamb Weston by 2.8% during the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer's stock valued at $430,000 after acquiring an additional 181 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lamb Weston by 1.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer's stock worth $1,125,000 after acquiring an additional 188 shares during the last quarter. Finally, Fulton Bank N.A. lifted its position in Lamb Weston by 4.6% in the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer's stock valued at $297,000 after acquiring an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE:LW traded up $5.04 during trading hours on Friday, hitting $79.27. 8,234,411 shares of the stock traded hands, compared to its average volume of 2,456,628. The stock has a 50 day moving average price of $76.48 and a 200 day moving average price of $72.85. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.82%. Lamb Weston's dividend payout ratio (DPR) is 33.80%.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of research analyst reports. Bank of America upped their price target on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Monday, October 21st. TD Cowen lifted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, September 24th. Citigroup raised their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $82.36.

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.