Carlson Capital L.P. Purchases Shares of 19,200 Lamb Weston $LW

Carlson Capital L.P. purchased a new stake in shares of Lamb Weston (NYSE:LW) in the fourth quarter, HoldingsChannel reports. The firm purchased 19,200 shares of the specialty retailer’s stock, valued at approximately $804,000.

A number of other institutional investors have also recently made changes to their positions in LW. Royal Bank of Canada grew its holdings in shares of Lamb Weston by 29.4% in the first quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock valued at $9,862,000 after purchasing an additional 42,039 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lamb Weston by 3.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock valued at $872,000 after purchasing an additional 549 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Lamb Weston by 19.4% in the second quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock valued at $181,000 after purchasing an additional 567 shares in the last quarter. Amundi grew its holdings in shares of Lamb Weston by 405.9% in the second quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock valued at $13,548,000 after purchasing an additional 206,034 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Lamb Weston by 70.7% in the second quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock valued at $939,000 after purchasing an additional 7,503 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Jana Partners Management, Lp purchased 50,000 shares of Lamb Weston stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average price of $43.19 per share, for a total transaction of $2,159,500.00. Following the transaction, the director directly owned 5,398,980 shares in the company, valued at $233,181,946.20. This trade represents a 0.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter J. Bensen purchased 5,000 shares of Lamb Weston stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $39.45 per share, with a total value of $197,250.00. Following the transaction, the director owned 17,204 shares in the company, valued at $678,697.80. The trade was a 40.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 391,000 shares of company stock valued at $16,270,790. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LW shares. Barclays dropped their price objective on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Zacks Research upgraded shares of Lamb Weston from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Stifel Nicolaus dropped their price objective on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Bank of America dropped their price objective on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and a consensus target price of $48.00.

Lamb Weston Stock Down 2.4%

Shares of NYSE:LW opened at $42.01 on Friday. The company has a market capitalization of $5.80 billion, a PE ratio of 19.63, a P/E/G ratio of 6.22 and a beta of 0.47. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The firm has a 50 day simple moving average of $42.97 and a 200-day simple moving average of $49.05.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.11. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. Lamb Weston had a net margin of 4.61% and a return on equity of 23.77%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, equities analysts predict that Lamb Weston will post 2.85 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a $0.38 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.52 annualized dividend and a yield of 3.6%. Lamb Weston’s dividend payout ratio is 71.03%.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.