Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Lamb Weston Holdings Inc (NYSE:LW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the specialty retailer’s stock, valued at approximately $2,581,000. Lamb Weston comprises about 1.0% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 26th largest position.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. HM Payson & Co. acquired a new stake in Lamb Weston during the 2nd quarter worth approximately $43,000. Quadrant Capital Group LLC raised its holdings in Lamb Weston by 261.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 637 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 461 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the 3rd quarter valued at $50,000. CSat Investment Advisory L.P. raised its holdings in Lamb Weston by 103.2% in the 2nd quarter. CSat Investment Advisory L.P. now owns 817 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 415 shares in the last quarter. Finally, CWM LLC raised its holdings in Lamb Weston by 37.0% in the 3rd quarter. CWM LLC now owns 874 shares of the specialty retailer’s stock valued at $64,000 after acquiring an additional 236 shares in the last quarter. 88.07% of the stock is owned by institutional investors.
LW has been the subject of several analyst reports. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a report on Monday, October 28th. Barclays set a $83.00 price objective on Lamb Weston and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Monday, December 23rd. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and lifted their price objective for the company from $81.00 to $92.00 in a report on Sunday, January 5th. Finally, ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $82.29.
LW stock traded down $0.08 during midday trading on Friday, reaching $90.92. 8,317 shares of the stock were exchanged, compared to its average volume of 1,489,245. The stock has a market capitalization of $13.25 billion, a PE ratio of 28.22, a P/E/G ratio of 2.93 and a beta of 0.20. Lamb Weston Holdings Inc has a 52 week low of $58.83 and a 52 week high of $94.46. The company has a debt-to-equity ratio of 10.96, a current ratio of 1.65 and a quick ratio of 0.70. The company has a fifty day moving average price of $86.61 and a 200 day moving average price of $75.83.
Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.88 million. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. Lamb Weston’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, analysts anticipate that Lamb Weston Holdings Inc will post 3.5 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Lamb Weston’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 1.01%. Lamb Weston’s payout ratio is presently 24.84%.
In other Lamb Weston news, VP Bernadette M. Madarieta sold 1,320 shares of Lamb Weston stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $75.59, for a total transaction of $99,778.80. Following the transaction, the vice president now directly owns 14,777 shares of the company’s stock, valued at approximately $1,116,993.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Mcnutt sold 8,696 shares of Lamb Weston stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $91.20, for a total value of $793,075.20. Following the transaction, the chief financial officer now directly owns 59,111 shares in the company, valued at $5,390,923.20. The disclosure for this sale can be found here. Insiders have sold a total of 19,488 shares of company stock worth $1,762,858 over the last ninety days. Company insiders own 0.82% of the company’s stock.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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