Kornitzer Capital Management Inc. KS Purchases 3,300 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Kornitzer Capital Management Inc. KS increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 36.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,300 shares of the specialty retailer’s stock after buying an additional 3,300 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Lamb Weston were worth $1,330,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Lamb Weston by 28.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer’s stock worth $9,665,000 after buying an additional 23,085 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Lamb Weston by 84.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after purchasing an additional 17,344 shares in the last quarter. Lmcg Investments LLC increased its position in shares of Lamb Weston by 2.2% during the 3rd quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 304 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of Lamb Weston during the 4th quarter worth approximately $3,302,000. Finally, Ingalls & Snyder LLC acquired a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $210,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Price Performance

NYSE:LW opened at $81.00 on Monday. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a market cap of $11.70 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.32 and a beta of 0.72. The firm’s fifty day moving average price is $97.40 and its two-hundred day moving average price is $98.84. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities analysts expect that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current year.

Lamb Weston Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on LW. Wells Fargo & Company lowered their target price on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Barclays lowered their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Bank of America lowered their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. BNP Paribas began coverage on shares of Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 target price on the stock. Finally, Stifel Nicolaus lowered their target price 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. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston presently has a consensus 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.