Bp Plc raised its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 494.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,000 shares of the specialty retailer’s stock after buying an additional 89,000 shares during the period. Bp Plc owned about 0.07% of Lamb Weston worth $7,871,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Atria Investments LLC lifted its holdings in Lamb Weston by 16.2% in the third quarter. Atria Investments LLC now owns 8,454 shares of the specialty retailer’s stock valued at $563,000 after buying an additional 1,176 shares during the period. State of Alaska Department of Revenue lifted its holdings in Lamb Weston by 17.8% in the third quarter. State of Alaska Department of Revenue now owns 23,504 shares of the specialty retailer’s stock valued at $1,565,000 after buying an additional 3,545 shares during the period. First Hawaiian Bank acquired a new position in Lamb Weston in the third quarter valued at $453,000. Nisa Investment Advisors LLC lifted its holdings in Lamb Weston by 48.8% in the third quarter. Nisa Investment Advisors LLC now owns 98,540 shares of the specialty retailer’s stock valued at $6,563,000 after buying an additional 32,304 shares during the period. Finally, First American Bank acquired a new position in Lamb Weston in the third quarter valued at $541,000. 81.38% of the stock is owned by institutional investors and hedge funds.
LW opened at $68.56 on Thursday. Lamb Weston Holdings Inc has a fifty-two week low of $53.29 and a fifty-two week high of $83.86. The stock has a market capitalization of $10.11 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.93 and a beta of -0.14.
Lamb Weston (NYSE:LW) last posted its earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.10. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The company had revenue of $911.40 million for the quarter, compared to analyst estimates of $897.08 million. During the same quarter in the prior year, the business posted $0.54 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Lamb Weston Holdings Inc will post 3.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 31st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is currently 30.08%.
Several equities analysts have recently weighed in on LW shares. ValuEngine lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Barclays upped their price objective on shares of Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, January 7th. Jefferies Financial Group set a $85.00 price objective on shares of Lamb Weston and gave the company a “buy” rating in a report on Friday, January 25th. Bank of America lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $85.00 in a report on Thursday, November 15th. Finally, Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.14.
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Lamb Weston 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.
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