International Assets Investment Management LLC Makes New $1.88 Million Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

International Assets Investment Management LLC acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,402 shares of the specialty retailer’s stock, valued at approximately $1,881,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC boosted its stake in Lamb Weston by 113.4% during 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 last quarter. Eagle Bay Advisors LLC acquired a new stake in Lamb Weston during the 2nd quarter worth $29,000. Clear Street Markets LLC boosted its stake in Lamb Weston by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 136 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in 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 purchasing an additional 482 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in Lamb Weston during the 4th quarter worth $39,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LW shares. BNP Paribas started coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. Stifel Nicolaus reduced their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Bank of America reduced their price target on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company reduced their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Finally, Barclays reduced their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a 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’s stock. According to MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Stock Up 0.9 %

Shares of LW opened at $81.00 on Friday. The firm has a market cap of $11.70 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.31 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12-month low of $77.41 and a 12-month high of $117.38. The company’s 50-day moving average price is $97.40 and its 200 day moving average price is $98.77. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

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

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.78%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

About Lamb Weston

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.