Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,263 shares of the specialty retailer's stock after buying an additional 7,415 shares during the period. Oppenheimer & Co. Inc.'s holdings in Lamb Weston were worth $2,223,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. State Street Corp grew its position in Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock worth $402,791,000 after buying an additional 549,812 shares during the period. Geode Capital Management LLC grew its holdings in shares of Lamb Weston by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock worth $218,598,000 after acquiring an additional 24,097 shares during the period. Clarkston Capital Partners LLC increased its stake in Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock valued at $201,207,000 after purchasing an additional 1,618,570 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in Lamb Weston during the third quarter worth $129,480,000. Finally, Champlain Investment Partners LLC boosted its position in Lamb Weston by 31.6% during the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer's stock worth $126,309,000 after purchasing an additional 468,190 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Lamb Weston Trading Down 1.0 %

Lamb Weston stock traded down $0.49 during trading on Thursday, hitting $50.97. The company's stock had a trading volume of 803,931 shares, compared to its average volume of 2,681,029. The stock's fifty day moving average is $59.25 and its 200 day moving average is $67.01. Lamb Weston Holdings, Inc. has a 1-year low of $49.28 and a 1-year high of $107.50. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company earned $1.45 EPS. The company's revenue was down 7.5% compared to the same quarter last year. As a group, equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.90%. Lamb Weston's payout ratio is currently 58.50%.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt acquired 1,200 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert A. Niblock acquired 3,000 shares of the company's stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LW shares. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a "hold" rating and a $81.00 price target for the company. Barclays cut their target price on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price target on the stock. Jefferies Financial Group upped 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. Finally, Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and lowered their target price for the company from $90.00 to $68.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $81.00.

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.