Cwm LLC Boosts Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Cwm LLC raised its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 629.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 31,741 shares of the specialty retailer’s stock after purchasing an additional 27,388 shares during the period. Cwm LLC’s holdings in Lamb Weston were worth $3,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. Robeco Institutional Asset Management B.V. increased its stake in shares of Lamb Weston by 28.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer’s stock worth $9,665,000 after purchasing an additional 23,085 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Lamb Weston by 84.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock worth $4,091,000 after buying an additional 17,344 shares during the period. Lmcg Investments LLC boosted its holdings in Lamb Weston by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock worth $1,289,000 after buying an additional 304 shares during the period. Wakefield Asset Management LLLP bought a new position in Lamb Weston in the 4th quarter worth approximately $3,302,000. Finally, Ingalls & Snyder LLC bought a new position in Lamb Weston in the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America cut their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Stifel Nicolaus cut their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company cut their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Citigroup cut their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Trading Up 1.0 %

Lamb Weston stock opened at $84.52 on Thursday. Lamb Weston Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The firm’s fifty day moving average price is $96.26 and its 200-day moving average price is $98.62. The stock has a market cap of $12.20 billion, a P/E ratio of 11.28, a PEG ratio of 1.36 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The firm’s revenue was up 16.3% on a year-over-year basis. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.70%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Lamb Weston Company Profile

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.