Swedbank AB Raises Stock Holdings in Lamb Weston $LW

Swedbank AB boosted its holdings in Lamb Weston (NYSE:LW) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 914,000 shares of the specialty retailer’s stock after purchasing an additional 17,165 shares during the period. Swedbank AB owned about 0.66% of Lamb Weston worth $38,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LW. Royal Bank of Canada raised its stake in Lamb Weston by 29.4% during the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after buying an additional 42,039 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Lamb Weston by 3.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock valued at $872,000 after buying an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Lamb Weston by 19.4% during the second quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock valued at $181,000 after buying an additional 567 shares in the last quarter. Amundi raised its stake in Lamb Weston by 405.9% during the second quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock valued at $13,548,000 after buying an additional 206,034 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Lamb Weston by 70.7% during the second quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock valued at $939,000 after buying an additional 7,503 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Jana Partners Management, Lp bought 50,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were purchased at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the transaction, the director directly owned 5,398,980 shares in the company, valued at $233,181,946.20. The trade was a 0.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Bensen bought 5,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $39.45 per share, for a total transaction of $197,250.00. Following the completion of the transaction, the director owned 17,204 shares in the company, valued at $678,697.80. This trade represents a 40.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 391,000 shares of company stock worth $16,270,790. 0.29% of the stock is owned by insiders.

Lamb Weston Stock Down 0.6%

Shares of Lamb Weston stock opened at $42.99 on Friday. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 6.25 and a beta of 0.47. The business’s 50 day simple moving average is $42.97 and its 200-day simple moving average is $49.05.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.61 by $0.11. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $1.10 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Lamb Weston will post 2.85 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, May 8th. Lamb Weston’s dividend payout ratio (DPR) is currently 71.03%.

Wall Street Analyst Weigh In

LW has been the topic of a number of research reports. BNP Paribas Exane dropped their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Stifel Nicolaus dropped their price target on Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Bank of America dropped their price target on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Company dropped their price target on Lamb Weston from $54.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Finally, Barclays dropped their price target on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.00.

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.