Advisor OS LLC Buys 4,177 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Advisor OS LLC grew its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,341 shares of the specialty retailer’s stock after buying an additional 4,177 shares during the quarter. Advisor OS LLC’s holdings in Lamb Weston were worth $2,299,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Lamb Weston by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after buying an additional 60,601 shares during the period. Franklin Resources Inc. grew its position in shares of Lamb Weston by 15.1% during the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after purchasing an additional 241,848 shares in the last quarter. Champlain Investment Partners LLC grew its position in shares of Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after purchasing an additional 129,120 shares in the last quarter. Artemis Investment Management LLP raised its stake in Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after purchasing an additional 663,985 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Lamb Weston by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock worth $126,189,000 after purchasing an additional 21,981 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. TD Cowen cut shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their price target for the stock from $105.00 to $61.00 in a research note on Thursday, July 25th. Barclays cut their price objective on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Finally, Citigroup cut their price target on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

Lamb Weston Stock Performance

NYSE LW opened at $63.02 on Friday. The company has a market cap of $9.10 billion, a P/E ratio of 8.41, a P/E/G ratio of 5.90 and a beta of 0.74. The business’s 50 day moving average price is $67.10 and its 200-day moving average price is $82.66. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29.

Lamb Weston (NYSE:LW) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.28%. 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.