Kepos Capital LP Takes Position in Lamb Weston Holdings Inc (LW)

Kepos Capital LP acquired a new position in shares of Lamb Weston Holdings Inc (NYSE:LW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 75,441 shares of the specialty retailer’s stock, valued at approximately $5,024,000. Kepos Capital LP owned 0.05% of Lamb Weston at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. grew its holdings in Lamb Weston by 2.4% during the second quarter. BlackRock Inc. now owns 13,875,099 shares of the specialty retailer’s stock worth $950,584,000 after acquiring an additional 328,259 shares during the period. Wells Fargo & Company MN boosted its position in Lamb Weston by 2.8% during the second quarter. Wells Fargo & Company MN now owns 3,794,823 shares of the specialty retailer’s stock worth $259,982,000 after purchasing an additional 102,301 shares in the last quarter. Franklin Resources Inc. boosted its position in Lamb Weston by 12.5% during the third quarter. Franklin Resources Inc. now owns 1,890,309 shares of the specialty retailer’s stock worth $125,872,000 after purchasing an additional 210,604 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Lamb Weston by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 1,668,212 shares of the specialty retailer’s stock worth $111,104,000 after purchasing an additional 9,483 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its position in Lamb Weston by 0.4% during the third quarter. Congress Asset Management Co. MA now owns 1,469,557 shares of the specialty retailer’s stock worth $97,872,000 after purchasing an additional 5,376 shares in the last quarter. 78.77% of the stock is currently owned by hedge funds and other institutional investors.

LW opened at $76.70 on Friday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.18 and a beta of -0.53. Lamb Weston Holdings Inc has a one year low of $52.92 and a one year high of $83.86.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The business had revenue of $914.90 million for the quarter, compared to the consensus estimate of $879.68 million. During the same period in the prior year, the business earned $0.57 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts predict that Lamb Weston Holdings Inc will post 2.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were given a $0.191 dividend. The ex-dividend date was Thursday, November 1st. This represents a $0.76 annualized dividend and a dividend yield of 1.00%. Lamb Weston’s dividend payout ratio is currently 28.57%.

A number of analysts have commented on the company. CL King downgraded Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. ValuEngine downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Stifel Nicolaus boosted their target price on Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Wednesday, October 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 target price on shares of Lamb Weston in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.50.

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Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

Further Reading: What is insider trading?

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

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