Newbrook Capital Advisors LP purchased a new position in Lamb Weston Holdings Inc (NYSE:LW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,297,935 shares of the specialty retailer’s stock, valued at approximately $129,718,000. Lamb Weston makes up about 8.7% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 2nd biggest holding. Newbrook Capital Advisors LP owned about 1.57% of Lamb Weston as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Lamb Weston by 5.0% in the 4th quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock worth $743,124,000 after acquiring an additional 622,607 shares during the last quarter. Kensico Capital Management Corp raised its holdings in Lamb Weston by 56.9% in the 3rd quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock worth $170,680,000 after acquiring an additional 1,320,000 shares during the last quarter. Janus Henderson Group PLC raised its stake in Lamb Weston by 3.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,765,291 shares of the specialty retailer’s stock valued at $129,664,000 after buying an additional 89,190 shares during the last quarter. Wells Fargo & Company MN raised its stake in Lamb Weston by 73.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,195,707 shares of the specialty retailer’s stock valued at $123,948,000 after buying an additional 928,686 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Lamb Weston by 5.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,979,304 shares of the specialty retailer’s stock valued at $92,810,000 after buying an additional 100,388 shares during the last quarter. Institutional investors own 80.64% of the company’s stock.
A number of equities research analysts have weighed in on LW shares. Stifel Nicolaus reiterated a “hold” rating and set a $64.00 target price (up from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Zacks Investment Research lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Jefferies Group boosted their target price on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $58.14.
Shares of Lamb Weston Holdings Inc (LW) opened at $56.47 on Wednesday. The firm has a market cap of $8,372.79, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55. Lamb Weston Holdings Inc has a 12 month low of $40.61 and a 12 month high of $60.85.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $824.60 million during the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. Lamb Weston’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. equities research analysts predict that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd were paid a $0.1913 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.35%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, February 1st. Lamb Weston’s dividend payout ratio is 35.19%.
In related news, Director Peter J. Bensen acquired 5,000 shares of Lamb Weston stock in a transaction dated Monday, January 8th. The stock was purchased at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the purchase, the director now directly owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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