Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 114.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,914 shares of the specialty retailer’s stock after acquiring an additional 35,167 shares during the period. Intech Investment Management LLC’s holdings in Lamb Weston were worth $7,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC boosted its stake in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Lamb Weston in the 4th quarter worth about $51,000. Benjamin F. Edwards & Company Inc. grew its position in Lamb Weston by 864.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 432 shares in the last quarter. Desjardins Global Asset Management Inc. grew its position in Lamb Weston by 537.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 956 shares in the last quarter. Finally, ZRC Wealth Management LLC bought a new position in Lamb Weston in the 4th quarter valued at about $129,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 1.7 %

LW traded up $1.47 during midday trading on Friday, hitting $89.21. 1,698,289 shares of the company’s stock traded hands, compared to its average volume of 1,858,998. The company has a market cap of $12.88 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 1.45 and a beta of 0.79. The stock’s fifty day simple moving average is $88.94 and its 200-day simple moving average is $97.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is presently 19.23%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LW. Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Barclays reduced their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

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.