Desjardins Global Asset Management Inc. raised its position in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 537.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,134 shares of the specialty retailer’s stock after purchasing an additional 956 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Lamb Weston were worth $123,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Lamb Weston by 28.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer’s stock valued at $9,665,000 after buying an additional 23,085 shares during the period. Mutual of America Capital Management LLC raised its holdings in shares of Lamb Weston by 84.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after buying an additional 17,344 shares during the period. Lmcg Investments LLC raised its holdings in shares of Lamb Weston by 2.2% during the 3rd quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock valued at $1,289,000 after buying an additional 304 shares during the period. Wakefield Asset Management LLLP acquired a new stake in Lamb Weston during the 4th quarter valued at approximately $3,302,000. Finally, Ingalls & Snyder LLC acquired a new stake in Lamb Weston during the 4th quarter valued at approximately $210,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
Lamb Weston Price Performance
Shares of LW opened at $81.00 on Friday. The company has a market cap of $11.70 billion, a P/E ratio of 10.81, a PEG ratio of 1.31 and a beta of 0.72. The stock has a fifty day moving average price of $97.80 and a 200 day moving average price of $98.85. 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 12 month low of $77.41 and a 12 month high of $117.38.
Lamb Weston Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on LW shares. Stifel Nicolaus lowered their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. BNP Paribas began coverage on Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price for the company. StockNews.com lowered Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Wells Fargo & Company decreased their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Finally, Bank of America decreased their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.40.
Get Our Latest Stock Report on Lamb Weston
About Lamb Weston
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.
Further Reading
- Five stocks we like better than Lamb Weston
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Comprehensive Analysis of PayPal Stock
- Upcoming IPO Stock Lockup Period, Explained
- Intuitive Surgical Stock Can Trend Much Higher This Year
- What Makes a Stock a Good Dividend Stock?
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.