Lamb Weston $LW Stock Holdings Decreased by Anson Funds Management LP

Anson Funds Management LP lessened its stake in Lamb Weston (NYSE:LW) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,187 shares of the specialty retailer’s stock after selling 24,625 shares during the quarter. Lamb Weston makes up approximately 0.5% of Anson Funds Management LP’s holdings, making the stock its 27th biggest holding. Anson Funds Management LP’s holdings in Lamb Weston were worth $6,342,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Alliancebernstein L.P. grew its stake in Lamb Weston by 42.0% in the third quarter. Alliancebernstein L.P. now owns 214,814 shares of the specialty retailer’s stock worth $12,476,000 after purchasing an additional 63,510 shares in the last quarter. Ancora Advisors LLC raised its stake in Lamb Weston by 169.3% during the third quarter. Ancora Advisors LLC now owns 15,536 shares of the specialty retailer’s stock valued at $902,000 after buying an additional 9,767 shares in the last quarter. Credit Agricole S A acquired a new stake in Lamb Weston during the third quarter valued at approximately $2,319,000. Virtu Financial LLC bought a new position in Lamb Weston during the 3rd quarter worth approximately $554,000. Finally, Amundi lifted its holdings in Lamb Weston by 91.6% during the 3rd quarter. Amundi now owns 491,904 shares of the specialty retailer’s stock worth $31,187,000 after buying an additional 235,110 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In related news, insider Jan Eli B. Craps purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average price of $48.65 per share, with a total value of $2,432,500.00. Following the purchase, the insider owned 300,000 shares of the company’s stock, valued at $14,595,000. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen lowered their price target on Lamb Weston from $60.00 to $55.00 and set a “hold” rating for the company in a report on Monday, December 22nd. BNP Paribas Exane set a $48.00 price objective on shares of Lamb Weston in a report on Monday, December 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $46.00 target price on shares of Lamb Weston in a research note on Monday, December 29th. Jefferies Financial Group increased their target price on shares of Lamb Weston from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Bank of America reduced their price target on shares of Lamb Weston from $66.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.00.

Lamb Weston Price Performance

NYSE LW opened at $40.49 on Friday. Lamb Weston has a 1 year low of $39.79 and a 1 year high of $67.07. The business’s fifty day moving average is $45.61 and its two-hundred day moving average is $53.43. The stock has a market capitalization of $5.62 billion, a P/E ratio of 14.56, a P/E/G ratio of 6.05 and a beta of 0.43. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.64 and a current ratio of 1.43.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Friday, December 19th. The specialty retailer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a return on equity of 27.71% and a net margin of 6.06%.The company’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. On average, research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, January 30th were given a $0.38 dividend. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, January 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.8%. Lamb Weston’s dividend payout ratio is 54.68%.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.