Lamb Weston Holdings Inc. (LW) Stake Lifted by KAMES CAPITAL plc

KAMES CAPITAL plc lifted its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 2,097.9% in the 4th quarter, Holdings Channel reports. The firm owned 423,144 shares of the specialty retailer’s stock after acquiring an additional 403,892 shares during the period. KAMES CAPITAL plc’s holdings in Lamb Weston were worth $23,886,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Schroder Investment Management Group purchased a new stake in Lamb Weston during the second quarter valued at $106,000. Chicago Partners Investment Group LLC increased its position in Lamb Weston by 359.7% during the third quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,881 shares during the last quarter. Advisory Services Network LLC increased its position in Lamb Weston by 81.5% during the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after acquiring an additional 1,389 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in Lamb Weston during the third quarter valued at $146,000. Finally, Huntington National Bank purchased a new stake in Lamb Weston during the third quarter valued at $155,000. Hedge funds and other institutional investors own 79.38% of the company’s stock.

In related news, Director Peter J. Bensen purchased 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The stock was acquired at an average price of $58.18 per share, with a total value of $290,900.00. Following the completion of the acquisition, the director now owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Lamb Weston Holdings Inc. (LW) traded up $0.13 during trading hours on Friday, reaching $58.00. The company’s stock had a trading volume of 1,429,700 shares, compared to its average volume of 1,582,375. Lamb Weston Holdings Inc. has a twelve month low of $35.81 and a twelve month high of $58.70. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43. The company has a market capitalization of $8,480.00 and a price-to-earnings ratio of 26.85.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The business had revenue of $824.60 million during the quarter, compared to analyst estimates of $815.29 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. Lamb Weston’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts anticipate that Lamb Weston Holdings Inc. will post 2.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is currently 34.72%.

A number of analysts recently commented on the company. Zacks Investment Research cut Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group upped their price objective on Lamb Weston to $64.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus upped their price objective on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price objective (up previously from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Finally, Bank of America upped their price objective on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Lamb Weston currently has a consensus rating of “Buy” and a consensus target price of $53.13.

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Lamb Weston 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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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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