Verition Fund Management LLC Has $20.43 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Verition Fund Management LLC boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2,198.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,597 shares of the specialty retailer’s stock after purchasing an additional 301,866 shares during the period. Verition Fund Management LLC owned 0.22% of Lamb Weston worth $20,432,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in Lamb Weston by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,836 shares of the specialty retailer’s stock valued at $20,863,000 after acquiring an additional 1,400 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Lamb Weston by 135.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 7,918 shares of the specialty retailer’s stock worth $844,000 after purchasing an additional 4,549 shares during the last quarter. Tidal Investments LLC lifted its holdings in Lamb Weston by 18.8% during the 1st quarter. Tidal Investments LLC now owns 6,122 shares of the specialty retailer’s stock worth $652,000 after buying an additional 967 shares in the last quarter. Swedbank AB bought a new position in Lamb Weston in the 1st quarter valued at $5,324,000. Finally, Atria Investments Inc boosted its position in Lamb Weston by 27.6% in the 1st quarter. Atria Investments Inc now owns 12,092 shares of the specialty retailer’s stock valued at $1,288,000 after buying an additional 2,613 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.7 %

LW opened at $77.24 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The firm has a market cap of $11.01 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm’s fifty day moving average is $74.25 and its two-hundred day moving average is $73.75.

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

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio is presently 33.80%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Barclays raised their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Bank of America boosted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. One 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 currently has a consensus rating of “Hold” and a consensus target price 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.