Toronto Dominion Bank Buys 21,639 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Toronto Dominion Bank lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 49.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,331 shares of the specialty retailer's stock after acquiring an additional 21,639 shares during the quarter. Toronto Dominion Bank's holdings in Lamb Weston were worth $4,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City State Bank boosted its position in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer's stock valued at $1,214,000 after purchasing an additional 156 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer's stock worth $430,000 after purchasing an additional 181 shares during the period. Coldstream Capital Management Inc. raised its holdings in Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer's stock worth $241,000 after purchasing an additional 186 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Lamb Weston by 1.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer's stock valued at $1,125,000 after buying an additional 188 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

NYSE:LW traded up $5.04 during mid-day trading on Friday, reaching $79.27. The company's stock had a trading volume of 8,234,411 shares, compared to its average volume of 2,456,628. The firm's fifty day moving average price is $76.48 and its two-hundred day moving average price is $72.85. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock has a market cap of $11.30 billion, a P/E ratio of 18.61, a PEG ratio of 1.34 and a beta of 0.70. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston's dividend payout ratio (DPR) is presently 33.80%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $68.00 target price (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Sanford C. Bernstein started coverage on Lamb Weston in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price target on the stock. Citigroup lifted their price objective on Lamb Weston from $76.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of "Hold" and an average target price of $82.36.

About Lamb Weston

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.