Osborne Partners Capital Management LLC grew its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 124,502 shares of the specialty retailer's stock after purchasing an additional 6,721 shares during the quarter. Osborne Partners Capital Management LLC owned approximately 0.09% of Lamb Weston worth $8,060,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Sei Investments Co. lifted its position in Lamb Weston by 20.0% during the first quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer's stock worth $22,128,000 after buying an additional 34,553 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Lamb Weston by 66.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer's stock worth $4,028,000 after acquiring an additional 15,364 shares during the period. Empowered Funds LLC acquired a new position in shares of Lamb Weston during the 1st quarter valued at about $810,000. Confluence Investment Management LLC purchased a new stake in shares of Lamb Weston in the second quarter valued at about $7,937,000. Finally, EntryPoint Capital LLC acquired a new stake in Lamb Weston during the first quarter worth about $28,000. Hedge funds and other institutional investors own 89.56% of the company's stock.
Analyst Ratings Changes
LW has been the subject of several analyst reports. Bank of America increased their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Stifel Nicolaus raised their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday. The Goldman Sachs Group decreased their price target on Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. TD Cowen raised their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, September 24th. Finally, Consumer Edge cut shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $82.22.
Get Our Latest Stock Report on LW
Lamb Weston Stock Down 0.6 %
Shares of LW stock traded down $0.46 during trading on Friday, reaching $76.92. The company's stock had a trading volume of 2,568,293 shares, compared to its average volume of 2,555,832. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The stock's 50-day moving average price is $66.77 and its 200 day moving average price is $74.55. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 1.38 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.
Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.
Lamb Weston Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's dividend payout ratio is presently 33.80%.
About Lamb Weston
(
Free Report)
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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