LPL Financial LLC Grows Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

LPL Financial LLC grew its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 26.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,752 shares of the specialty retailer's stock after purchasing an additional 34,827 shares during the quarter. LPL Financial LLC owned 0.12% of Lamb Weston worth $11,211,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Alberta Investment Management Corp purchased a new stake in Lamb Weston during the 4th quarter worth $2,641,000. Atria Wealth Solutions Inc. acquired a new position in shares of Lamb Weston in the fourth quarter worth about $2,850,000. Leeward Investments LLC MA boosted its holdings in Lamb Weston by 41.5% in the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after purchasing an additional 45,904 shares during the last quarter. HB Wealth Management LLC grew 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 valued at $892,000 after purchasing an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their target price on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Stifel Nicolaus decreased their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a report on Friday, December 20th. JPMorgan Chase & Co. increased their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company lowered 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of "Hold" and a consensus price target of $73.55.

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Lamb Weston Stock Up 9.9 %

NYSE:LW opened at $59.50 on Friday. The firm has a market capitalization of $8.49 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock has a 50 day moving average of $55.25 and a 200-day moving average of $65.60.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping 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 the consensus estimate of $1.50 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm's revenue was up 4.3% on a year-over-year basis. Analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The company 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 $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.49%. Lamb Weston's payout ratio is currently 58.50%.

Insider Activity

In related news, Director Robert A. Niblock purchased 3,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.72% of the company's stock.

About Lamb Weston

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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