State Board of Administration of Florida Retirement System Has $14.36 Million Stake in Lamb Weston Holdings Inc (LW)

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State Board of Administration of Florida Retirement System cut its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 0.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 191,630 shares of the specialty retailer’s stock after selling 513 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Lamb Weston were worth $14,361,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its holdings in Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after buying an additional 151 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Lamb Weston by 1.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,717 shares of the specialty retailer’s stock worth $953,000 after buying an additional 191 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in Lamb Weston by 15.3% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 1,491 shares of the specialty retailer’s stock worth $112,000 after buying an additional 198 shares during the last quarter. Bank of Montreal Can boosted its holdings in Lamb Weston by 0.3% in the 1st quarter. Bank of Montreal Can now owns 71,192 shares of the specialty retailer’s stock worth $5,335,000 after buying an additional 205 shares during the last quarter. Finally, Bollard Group LLC boosted its holdings in Lamb Weston by 0.8% in the 4th quarter. Bollard Group LLC now owns 27,299 shares of the specialty retailer’s stock worth $2,008,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 83.22% of the company’s stock.

Several brokerages have recently weighed in on LW. Bank of America upgraded Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Thursday, April 4th. Stifel Nicolaus boosted their target price on Lamb Weston from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Consumer Edge began coverage on Lamb Weston in a report on Friday, March 22nd. They set an “outperform” rating on the stock. Finally, Daiwa Capital Markets began coverage on Lamb Weston in a report on Wednesday, February 27th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $78.83.

Shares of Lamb Weston stock traded down $0.07 on Friday, hitting $66.81. 26,689 shares of the company were exchanged, compared to its average volume of 1,664,609. The stock has a market cap of $9.81 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.77 and a beta of -0.26. Lamb Weston Holdings Inc has a 1-year low of $63.02 and a 1-year high of $83.86.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.13. The business had revenue of $926.80 million for the quarter, compared to analysts’ expectations of $898.46 million. Lamb Weston had a negative return on equity of 230.44% and a net margin of 12.47%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, research analysts forecast that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is presently 30.08%.

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About Lamb Weston

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, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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