Deutsche Bank AG Acquires 106,674 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Deutsche Bank AG lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 20.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 622,883 shares of the specialty retailer’s stock after acquiring an additional 106,674 shares during the quarter. Deutsche Bank AG owned approximately 0.44% of Lamb Weston worth $41,627,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in shares of Lamb Weston by 2.4% in the third quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer’s stock valued at $10,744,000 after purchasing an additional 3,927 shares during the last quarter. Czech National Bank boosted its holdings in shares of Lamb Weston by 5.6% during the 4th quarter. Czech National Bank now owns 30,919 shares of the specialty retailer’s stock worth $2,066,000 after buying an additional 1,652 shares during the period. Miracle Mile Advisors LLC acquired a new position in Lamb Weston in the 4th quarter valued at about $1,439,000. Courier Capital LLC raised its holdings in Lamb Weston by 27.5% in the 4th quarter. Courier Capital LLC now owns 4,509 shares of the specialty retailer’s stock valued at $301,000 after acquiring an additional 972 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in Lamb Weston by 143.0% during the fourth quarter. FNY Investment Advisers LLC now owns 3,220 shares of the specialty retailer’s stock worth $215,000 after acquiring an additional 1,895 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LW shares. Barclays lowered their target price on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their target price on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. StockNews.com raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Jefferies Financial Group lowered their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and an average price target of $69.91.

Lamb Weston Price Performance

Shares of LW stock opened at $51.21 on Wednesday. The business has a fifty day simple moving average of $53.04 and a 200 day simple moving average of $62.20. The company has a market cap of $7.23 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.40 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. Lamb Weston’s dividend payout ratio is currently 58.04%.

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.