Mackenzie Financial Corp Purchases 462 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Mackenzie Financial Corp lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,837 shares of the specialty retailer’s stock after buying an additional 462 shares during the quarter. Mackenzie Financial Corp’s holdings in Lamb Weston were worth $1,388,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in Lamb Weston by 406.5% during the third quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer’s stock worth $86,407,000 after purchasing an additional 750,033 shares during the period. Artemis Investment Management LLP boosted its position in Lamb Weston by 277.2% during the fourth quarter. Artemis Investment Management LLP now owns 566,553 shares of the specialty retailer’s stock worth $61,238,000 after purchasing an additional 416,339 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in Lamb Weston by 121.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock worth $69,014,000 after purchasing an additional 409,810 shares during the period. California Public Employees Retirement System boosted its position in Lamb Weston by 115.8% during the third quarter. California Public Employees Retirement System now owns 639,798 shares of the specialty retailer’s stock worth $59,156,000 after purchasing an additional 343,351 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Lamb Weston during the third quarter worth approximately $24,254,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $84.52 on Thursday. The business has a fifty day simple moving average of $96.26 and a 200 day simple moving average of $98.62. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.34 and a beta of 0.72. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last posted its quarterly 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). The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 EPS. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current year.

Lamb Weston Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LW. Bank of America cut their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Citigroup cut their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Wells Fargo & Company cut their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. BNP Paribas began coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target for the company. Finally, Stifel Nicolaus cut their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.40.

About Lamb Weston

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.