Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 935,914 shares of the specialty retailer's stock after buying an additional 15,840 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.66% of Lamb Weston worth $62,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LW. State Street Corp raised its holdings in shares of Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock worth $402,791,000 after acquiring an additional 549,812 shares during the last quarter. Geode Capital Management LLC increased its position in Lamb Weston by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock worth $218,598,000 after purchasing an additional 24,097 shares in the last quarter. Southpoint Capital Advisors LP acquired a new position in Lamb Weston in the 3rd quarter valued at about $129,480,000. Champlain Investment Partners LLC lifted its holdings in Lamb Weston by 31.6% in the 3rd quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer's stock valued at $126,309,000 after purchasing an additional 468,190 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Lamb Weston during the 3rd quarter worth about $86,883,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Lamb Weston Trading Up 1.6 %

NYSE LW traded up $0.85 during mid-day trading on Monday, hitting $53.93. The company's stock had a trading volume of 1,783,403 shares, compared to its average volume of 2,738,562. The firm has a market capitalization of $7.69 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $107.50. The stock's fifty day simple moving average is $56.34 and its two-hundred day simple moving average is $66.20.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results 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 business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the business posted $1.45 EPS. The business's revenue was down 7.5% on a year-over-year basis. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is presently 58.50%.

Wall Street Analysts Forecast Growth

LW has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. increased their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Sanford C. Bernstein assumed coverage on Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price objective for the company. StockNews.com upgraded Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Finally, Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and lowered their price target for the company from $90.00 to $68.00 in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $76.73.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company's stock.

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.