Illinois Municipal Retirement Fund Makes New $612,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Illinois Municipal Retirement Fund acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,915 shares of the specialty retailer’s stock, valued at approximately $612,000.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. bought a new stake in Lamb Weston during the third quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in shares of Lamb Weston during the second quarter valued at approximately $27,000. CX Institutional bought a new position in shares of Lamb Weston during the second quarter valued at approximately $28,000. Eagle Bay Advisors LLC bought a new position in shares of Lamb Weston during the second quarter valued at approximately $29,000. Finally, Bartlett & Co. LLC bought a new position in shares of Lamb Weston during the second quarter valued at approximately $30,000. 89.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LW. Bank of America upped their target price on Lamb Weston from $105.00 to $115.00 in a research note on Friday, January 6th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 5th. StockNews.com cut Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, December 16th. The Goldman Sachs Group boosted their price target on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 12th. Finally, JPMorgan Chase & Co. boosted their price target on Lamb Weston from $101.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.80.

Lamb Weston Stock Up 0.9 %

Lamb Weston stock opened at $96.98 on Wednesday. The business has a fifty day moving average of $89.92 and a two-hundred day moving average of $83.67. The company has a quick ratio of 1.07, a current ratio of 1.96 and a debt-to-equity ratio of 4.71. The firm has a market cap of $13.95 billion, a P/E ratio of 29.75, a P/E/G ratio of 0.82 and a beta of 0.51. Lamb Weston Holdings, Inc. has a twelve month low of $49.71 and a twelve month high of $100.77.

Lamb Weston (NYSE:LWGet Rating) last posted its earnings results on Thursday, January 5th. The specialty retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.54. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. Lamb Weston had a return on equity of 107.83% and a net margin of 10.50%. On average, analysts forecast that Lamb Weston Holdings, Inc. will post 3.96 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, February 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.25. Lamb Weston’s dividend payout ratio is currently 30.06%.

Insiders Place Their Bets

In other Lamb Weston news, VP Gregory W. Jones sold 1,000 shares of the company’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $97.49, for a total transaction of $97,490.00. Following the completion of the sale, the vice president now owns 6,384 shares in the company, valued at $622,376.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Gregory W. Jones sold 1,000 shares of the company’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $97.49, for a total transaction of $97,490.00. Following the transaction, the vice president now directly owns 6,384 shares of the company’s stock, valued at $622,376.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael Jared Smith sold 11,934 shares of the company’s stock in a transaction on Monday, January 9th. The stock was sold at an average price of $98.90, for a total value of $1,180,272.60. Following the transaction, the senior vice president now directly owns 74,351 shares in the company, valued at $7,353,313.90. The disclosure for this sale can be found here. Insiders sold a total of 43,514 shares of company stock worth $4,100,600 over the last 90 days. Company insiders own 0.80% of the company’s stock.

About Lamb Weston

(Get Rating)

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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

See Also

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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