Chevy Chase Trust Holdings LLC Has $5.01 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Chevy Chase Trust Holdings LLC decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,356 shares of the specialty retailer’s stock after selling 1,798 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Lamb Weston worth $5,008,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LW. Nicola Wealth Management LTD. acquired a new position in Lamb Weston in the third quarter worth about $6,474,000. Clarkston Capital Partners LLC raised its holdings in shares of Lamb Weston by 108.7% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after buying an additional 1,618,570 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Lamb Weston during the 2nd quarter worth approximately $3,279,000. Deltec Asset Management LLC boosted its stake in Lamb Weston by 154.5% in the 2nd quarter. Deltec Asset Management LLC now owns 72,540 shares of the specialty retailer’s stock valued at $6,099,000 after buying an additional 44,040 shares in the last quarter. Finally, Citigroup Inc. grew its position in Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock valued at $10,115,000 after acquiring an additional 44,057 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Down 0.3 %

LW stock opened at $77.69 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a market cap of $11.08 billion, a P/E ratio of 18.24, a PEG ratio of 1.42 and a beta of 0.70. The business has a fifty day moving average of $75.29 and a 200-day moving average of $73.53.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business posted $1.63 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were given a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.85%. Lamb Weston’s dividend payout ratio is currently 33.80%.

Analyst Ratings Changes

A number of brokerages have issued reports on LW. Barclays lifted their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, October 4th. TD Cowen boosted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a report on Tuesday. They set a “market perform” rating and a $85.00 price objective for the company. Stifel Nicolaus boosted their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Citigroup raised their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $82.50.

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.