Mutual of America Capital Management LLC Acquires 68,207 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Mutual of America Capital Management LLC boosted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 157.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,558 shares of the specialty retailer's stock after acquiring an additional 68,207 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Lamb Weston worth $7,455,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. West Oak Capital LLC increased its stake in shares of Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after buying an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston in the fourth quarter worth about $35,000. Kennebec Savings Bank acquired a new position in shares of Lamb Weston during the third quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new stake in shares of Lamb Weston during the third quarter valued at approximately $39,000. Finally, Brooklyn Investment Group bought a new position in Lamb Weston in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LW shares. Stifel Nicolaus lowered their target price on Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a report on Thursday, December 12th. They set a "hold" rating and a $81.00 price objective for the company. Jefferies Financial Group lifted their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and cut their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $81.00.

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Lamb Weston Stock Down 1.0 %

Shares of LW traded down $0.49 during mid-day trading on Thursday, hitting $50.97. 815,735 shares of the company's stock were exchanged, compared to its average volume of 2,702,148. The company has a 50-day simple moving average of $59.25 and a 200 day simple moving average of $67.01. 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 company has a market cap of $7.27 billion, a PE ratio of 20.15, a P/E/G ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 52 week low of $49.28 and a 52 week high of $107.50.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business's revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 EPS. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were paid a $0.37 dividend. This is an increase from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, January 31st. Lamb Weston's dividend payout ratio (DPR) is 58.50%.

Insiders Place Their Bets

In related news, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt purchased 1,200 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now owns 22,982 shares in the company, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

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.