ProShare Advisors LLC Has $1.25 Million Position in Lamb Weston $LW

ProShare Advisors LLC lifted its stake in Lamb Weston (NYSE:LW) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,173 shares of the specialty retailer’s stock after buying an additional 2,616 shares during the period. ProShare Advisors LLC’s holdings in Lamb Weston were worth $1,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new position in Lamb Weston in the 2nd quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Lamb Weston during the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. increased its position in shares of Lamb Weston by 64.2% during the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 210 shares during the period. Ameriflex Group Inc. raised its stake in shares of Lamb Weston by 407.7% in the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 477 shares in the last quarter. Finally, City State Bank lifted its position in Lamb Weston by 86.8% in the second quarter. City State Bank now owns 779 shares of the specialty retailer’s stock worth $40,000 after purchasing an additional 362 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LW. Bank of America boosted their price target on shares of Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. BNP Paribas Exane lifted their target price on shares of Lamb Weston from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price on the stock. Zacks Research raised shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the stock a “market perform” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.70.

Lamb Weston Stock Down 1.5%

Shares of NYSE:LW opened at $56.97 on Monday. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49. The company’s fifty day moving average is $60.61 and its 200-day moving average is $56.18. The company has a market capitalization of $7.94 billion, a PE ratio of 27.26, a P/E/G ratio of 3.78 and a beta of 0.51.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The business had revenue of $1.15 billion during the quarter. Equities research analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. Lamb Weston’s dividend payout ratio (DPR) is presently 70.81%.

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.