LMR Partners LLP Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

LMR Partners LLP acquired a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 151,000 shares of the specialty retailer’s stock, valued at approximately $9,776,000.

Other institutional investors have also recently modified their holdings of the company. Nicola Wealth Management LTD. bought a new position in shares of Lamb Weston during the 3rd quarter valued at about $6,474,000. Confluence Investment Management LLC bought a new position in Lamb Weston during the 2nd quarter worth approximately $7,937,000. EntryPoint Capital LLC bought a new position in Lamb Weston during the 1st quarter worth approximately $28,000. Susquehanna Fundamental Investments LLC bought a new position in Lamb Weston during the 2nd quarter worth approximately $3,279,000. Finally, Bessemer Group Inc. grew its position in Lamb Weston by 219.0% during the 1st quarter. Bessemer Group Inc. now owns 15,817 shares of the specialty retailer’s stock worth $1,686,000 after acquiring an additional 10,859 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Down 6.1 %

Shares of NYSE:LW opened at $75.47 on Monday. The stock has a fifty day simple moving average of $71.80 and a two-hundred day simple moving average of $74.21. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.35 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last posted its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LW. Citigroup raised their price target on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group dropped their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.22.

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.