KBC Group NV reduced its position in Lamb Weston Holdings Inc (NYSE:LW) by 33.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,452 shares of the specialty retailer’s stock after selling 4,197 shares during the quarter. KBC Group NV’s holdings in Lamb Weston were worth $477,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in LW. Kensico Capital Management Corp boosted its position in shares of Lamb Weston by 56.9% in the third quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock valued at $170,680,000 after acquiring an additional 1,320,000 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Lamb Weston by 1,254.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 621,263 shares of the specialty retailer’s stock valued at $35,070,000 after acquiring an additional 575,391 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Lamb Weston by 2,176.4% in the third quarter. Artisan Partners Limited Partnership now owns 458,095 shares of the specialty retailer’s stock valued at $21,480,000 after acquiring an additional 437,971 shares during the period. KAMES CAPITAL plc boosted its position in shares of Lamb Weston by 2,097.9% in the fourth quarter. KAMES CAPITAL plc now owns 423,144 shares of the specialty retailer’s stock valued at $23,886,000 after acquiring an additional 403,892 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Lamb Weston by 86.4% in the third quarter. JPMorgan Chase & Co. now owns 691,847 shares of the specialty retailer’s stock valued at $32,227,000 after acquiring an additional 320,752 shares during the period. Institutional investors own 80.27% of the company’s stock.
A number of equities analysts have recently commented on LW shares. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, January 25th. Bank of America raised their price objective on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Stifel Nicolaus raised their price objective on shares of Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Finally, Jefferies Group raised their price objective on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $58.14.
Shares of Lamb Weston Holdings Inc (NYSE:LW) opened at $54.39 on Wednesday. Lamb Weston Holdings Inc has a 1 year low of $39.07 and a 1 year high of $60.85. The stock has a market cap of $7,986.76, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55.
Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The business had revenue of $824.60 million during the quarter, compared to analyst estimates of $815.29 million. During the same period in the previous year, the business posted $0.63 earnings per share. Lamb Weston’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts anticipate that Lamb Weston Holdings Inc will post 2.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be given a dividend of $0.1913 per share. The ex-dividend date of this dividend is Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 annualized dividend and a yield of 1.41%. Lamb Weston’s payout ratio is presently 35.19%.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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