Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its position in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 21.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 42,975 shares of the specialty retailer’s stock after purchasing an additional 7,455 shares during the period. Raymond James & Associates’ holdings in Lamb Weston were worth $3,325,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Lamb Weston by 12.1% in the second quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s stock valued at $99,000 after purchasing an additional 149 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Lamb Weston by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,209 shares of the specialty retailer’s stock valued at $730,000 after acquiring an additional 152 shares during the last quarter. FDx Advisors Inc. boosted its stake in shares of Lamb Weston by 3.6% during the second quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s stock valued at $328,000 after acquiring an additional 160 shares during the last quarter. Hartford Investment Management Co. boosted its stake in shares of Lamb Weston by 1.2% during the second quarter. Hartford Investment Management Co. now owns 13,843 shares of the specialty retailer’s stock valued at $989,000 after acquiring an additional 165 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Lamb Weston by 4.8% during the second quarter. Synovus Financial Corp now owns 3,634 shares of the specialty retailer’s stock valued at $260,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Insider Transactions at Lamb Weston

In other news, SVP Eryk J. Spytek sold 19,080 shares of Lamb Weston stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $88.22, for a total value of $1,683,237.60. Following the completion of the transaction, the senior vice president now owns 41,312 shares in the company, valued at approximately $3,644,544.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Michael Jared Smith sold 11,934 shares of Lamb Weston stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 74,351 shares in the company, valued at approximately $7,353,313.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eryk J. Spytek sold 19,080 shares of Lamb Weston stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $88.22, for a total value of $1,683,237.60. Following the completion of the transaction, the senior vice president now owns 41,312 shares of the company’s stock, valued at approximately $3,644,544.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,514 shares of company stock worth $4,100,600. 0.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LW has been the topic of a number of analyst reports. StockNews.com lowered Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, December 16th. The Goldman Sachs Group raised their price target on Lamb Weston from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 12th. Bank of America raised their price target 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. Finally, JPMorgan Chase & Co. raised their price target on Lamb Weston from $101.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.80.

Lamb Weston Stock Performance

Shares of NYSE:LW opened at $95.64 on Friday. The company has a market cap of $13.76 billion, a P/E ratio of 29.34, a PEG ratio of 0.84 and a beta of 0.51. The company has a debt-to-equity ratio of 4.71, a quick ratio of 1.07 and a current ratio of 1.96. Lamb Weston Holdings, Inc. has a one year low of $49.71 and a one year high of $100.77. The business’s 50-day simple moving average is $88.99 and its 200 day simple moving average is $83.05.

Lamb Weston (NYSE:LWGet Rating) last announced its earnings results on Thursday, January 5th. The specialty retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $0.74 by $0.54. Lamb Weston had a return on equity of 107.83% and a net margin of 10.50%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, February 2nd. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.25. Lamb Weston’s dividend payout ratio (DPR) is 30.06%.

Lamb Weston Company Profile

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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.

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

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