Geode Capital Management LLC Buys 48,548 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Geode Capital Management LLC raised its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,436,604 shares of the specialty retailer's stock after purchasing an additional 48,548 shares during the period. Geode Capital Management LLC owned 2.41% of Lamb Weston worth $229,065,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Alberta Investment Management Corp bought a new stake in shares of Lamb Weston in the 4th quarter valued at $2,641,000. Atria Wealth Solutions Inc. bought a new position in shares of Lamb Weston during the 4th quarter worth about $2,850,000. Leeward Investments LLC MA grew its stake in shares of Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after buying an additional 45,904 shares during the period. HB Wealth Management LLC raised its stake in Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock worth $892,000 after buying an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Lamb Weston by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after acquiring an additional 16,092 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company's stock.

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Lamb Weston Stock Performance

NYSE LW traded down $1.80 during trading hours on Thursday, hitting $53.46. The company's stock had a trading volume of 500,622 shares, compared to its average volume of 2,826,836. The company's 50 day simple moving average is $54.55 and its two-hundred day simple moving average is $65.18. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51. The company has a market cap of $7.63 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

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

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is currently 58.04%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LW. StockNews.com raised shares of Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Wells Fargo & Company reduced their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and an average target price of $73.09.

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.