Mutual of America Capital Management LLC Purchases 17,344 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Mutual of America Capital Management LLC lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 84.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 37,844 shares of the specialty retailer’s stock after acquiring an additional 17,344 shares during the period. Mutual of America Capital Management LLC’s holdings in Lamb Weston were worth $4,091,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC raised its position in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 161 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Lamb Weston during the second quarter valued at approximately $29,000. Clear Street Markets LLC raised its holdings in shares of Lamb Weston by 92.5% in the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after buying an additional 136 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Lamb Weston by 330.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 482 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in Lamb Weston during the 4th quarter valued at $39,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of LW opened at $82.07 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The company has a 50 day moving average price of $98.99 and a 200-day moving average price of $99.19. Lamb Weston Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The stock has a market capitalization of $11.85 billion, a PE ratio of 10.96, a PEG ratio of 1.30 and a beta of 0.72.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts predict that Lamb Weston Holdings, Inc. will post 5.53 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. Lamb Weston’s dividend payout ratio is presently 19.23%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup reduced their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus cut their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. BNP Paribas began coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective for the company. Finally, Barclays reduced their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Lamb Weston currently has an average rating of “Moderate Buy” and a consensus price target of $117.40.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.