California State Teachers Retirement System lessened its position in Lamb Weston Holdings Inc. (NYSE:LW) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 245,465 shares of the specialty retailer’s stock after selling 23,156 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Lamb Weston worth $11,510,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Lamb Weston by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock valued at $532,430,000 after buying an additional 279,578 shares during the last quarter. BlackRock Inc. grew its stake in Lamb Weston by 2.2% in the second quarter. BlackRock Inc. now owns 11,872,986 shares of the specialty retailer’s stock valued at $522,887,000 after purchasing an additional 260,164 shares in the last quarter. State Street Corp grew its stake in Lamb Weston by 2.7% in the second quarter. State Street Corp now owns 3,922,298 shares of the specialty retailer’s stock valued at $172,731,000 after purchasing an additional 103,358 shares in the last quarter. Janus Henderson Group PLC grew its stake in Lamb Weston by 33,787.6% in the second quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock valued at $117,856,000 after purchasing an additional 2,668,204 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Lamb Weston by 5.3% in the third quarter. Ameriprise Financial Inc. now owns 1,979,304 shares of the specialty retailer’s stock valued at $92,810,000 after purchasing an additional 100,388 shares in the last quarter. 79.38% of the stock is currently owned by institutional investors and hedge funds.
Lamb Weston Holdings Inc. (NYSE:LW) opened at $55.82 on Monday. The company has a debt-to-equity ratio of -4.10, a current ratio of 1.62 and a quick ratio of 0.67. The firm has a market capitalization of $8,160.00 and a P/E ratio of 24.92. Lamb Weston Holdings Inc. has a one year low of $35.81 and a one year high of $57.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, February 1st. Lamb Weston’s payout ratio is currently 33.48%.
A number of research firms have weighed in on LW. Jefferies Group restated a “buy” rating and issued a $53.00 price target on shares of Lamb Weston in a research note on Monday, September 25th. Bank of America raised their price target on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target (up from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Finally, Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Lamb Weston has a consensus rating of “Buy” and an average price target of $50.63.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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