Korea Investment CORP Purchases 10,800 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Korea Investment CORP raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,288 shares of the specialty retailer's stock after purchasing an additional 10,800 shares during the quarter. Korea Investment CORP's holdings in Lamb Weston were worth $3,227,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of Lamb Weston by 172.9% in the third quarter. Cerity Partners LLC now owns 25,063 shares of the specialty retailer's stock worth $1,623,000 after buying an additional 15,878 shares during the period. The Manufacturers Life Insurance Company lifted its position in Lamb Weston by 33.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 125,014 shares of the specialty retailer's stock worth $8,093,000 after acquiring an additional 31,363 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lamb Weston by 23.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,963 shares of the specialty retailer's stock worth $3,688,000 after acquiring an additional 10,665 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Lamb Weston by 7.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 846,652 shares of the specialty retailer's stock valued at $54,812,000 after acquiring an additional 59,385 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Lamb Weston by 10.8% during the third quarter. Public Sector Pension Investment Board now owns 6,177 shares of the specialty retailer's stock valued at $400,000 after purchasing an additional 600 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com upgraded Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Jefferies Financial Group raised their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. 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. JPMorgan Chase & Co. lifted 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. Finally, Barclays cut their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. 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's stock. Based on data from MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and a consensus target price of $73.09.

Lamb Weston Price Performance

Shares of NYSE LW traded down $0.46 during mid-day trading on Friday, hitting $59.11. 5,115,775 shares of the stock were exchanged, compared to its average volume of 2,739,646. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51. The stock's fifty day simple moving average is $55.22 and its two-hundred day simple moving average is $65.56. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market cap of $8.43 billion, a P/E ratio of 23.36, a PEG ratio of 1.40 and a beta of 0.48.

Lamb Weston (NYSE:LW - Get Free Report) last issued 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. 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 the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The firm's quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.50%.

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.