Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 344,106 shares of the specialty retailer's stock after buying an additional 7,449 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Lamb Weston worth $22,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LW. TPG GP A LLC raised its stake in shares of Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer's stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the period. Marshall Wace LLP raised its stake in shares of Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock valued at $158,790,000 after purchasing an additional 830,511 shares during the period. Ninety One UK Ltd purchased a new stake in shares of Lamb Weston during the second quarter valued at approximately $42,518,000. Deprince Race & Zollo Inc. raised its stake in shares of Lamb Weston by 2,989.7% during the second quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer's stock valued at $31,395,000 after purchasing an additional 361,305 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Lamb Weston during the second quarter valued at approximately $24,165,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LW has been the topic of a number of analyst reports. Bank of America lifted their price objective 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. Citigroup lifted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Finally, The Goldman Sachs Group dropped their price target on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $82.22.

Lamb Weston Stock Performance

LW stock traded up $1.30 during trading on Monday, hitting $76.77. 2,215,153 shares of the company's stock traded hands, compared to its average volume of 2,509,252. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The stock has a fifty day moving average price of $71.80 and a two-hundred day moving average price of $74.16. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's dividend payout ratio (DPR) is 33.80%.

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.