Fidelity National Financial Inc. Invests $21.02 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Fidelity National Financial Inc. purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 250,000 shares of the specialty retailer's stock, valued at approximately $21,020,000. Lamb Weston comprises about 0.4% of Fidelity National Financial Inc.'s holdings, making the stock its 12th biggest position. Fidelity National Financial Inc. owned about 0.17% of Lamb Weston at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in shares of Lamb Weston by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer's stock valued at $405,000 after acquiring an additional 135 shares in the last quarter. Somerset Trust Co increased its holdings in shares of Lamb Weston by 4.5% during the first quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer's stock valued at $362,000 after acquiring an additional 145 shares in the last quarter. Camarda Financial Advisors LLC increased its holdings in shares of Lamb Weston by 0.9% during the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer's stock valued at $1,746,000 after acquiring an additional 151 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Lamb Weston by 31.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer's stock valued at $70,000 after acquiring an additional 158 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC increased its holdings in shares of Lamb Weston by 1.2% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer's stock valued at $1,444,000 after acquiring an additional 161 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Shares of NYSE LW traded up $0.30 during midday trading on Friday, reaching $64.17. 1,291,444 shares of the stock were exchanged, compared to its average volume of 2,487,229. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 5.96 and a beta of 0.75. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The firm has a 50-day simple moving average of $64.75 and a two-hundred day simple moving average of $81.03.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.71 billion. As a group, analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.24%. Lamb Weston's payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

LW has been the topic of several research reports. TD Cowen downgraded shares of Lamb Weston from a "buy" rating to a "hold" rating and cut their price target for the stock from $105.00 to $61.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Lamb Weston from $108.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, July 25th. Citigroup cut their price target on shares of Lamb Weston from $106.00 to $104.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. The Goldman Sachs Group cut their price target on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Finally, Wells Fargo & Company cut their price target on shares of Lamb Weston from $98.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $87.70.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of the firm's stock in a transaction on Friday, July 26th. The shares were bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the acquisition, the director now owns 173,377 shares of the company's stock, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by insiders.

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.