Mackenzie Financial Corp Purchases 462 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Mackenzie Financial Corp raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,837 shares of the specialty retailer’s stock after buying an additional 462 shares during the quarter. Mackenzie Financial Corp’s holdings in Lamb Weston were worth $1,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC raised its holdings in Lamb Weston by 24.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 114 shares in the last quarter. IFP Advisors Inc raised its holdings in Lamb Weston by 4.9% in the 3rd quarter. IFP Advisors Inc now owns 3,110 shares of the specialty retailer’s stock valued at $288,000 after acquiring an additional 146 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of 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 buying an additional 161 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Lamb Weston by 17.6% during the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock worth $100,000 after buying an additional 162 shares in the last quarter. Finally, Family Legacy Inc. raised its holdings in shares of Lamb Weston by 1.5% during the 4th quarter. Family Legacy Inc. now owns 11,157 shares of the specialty retailer’s stock worth $1,206,000 after buying an additional 168 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Barclays lowered their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Stifel Nicolaus lowered their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company lowered their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Finally, StockNews.com cut Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Trading Up 1.0 %

NYSE LW opened at $84.52 on Thursday. The business’s 50-day moving average price is $96.26 and its two-hundred day moving average price is $98.62. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The firm has a market capitalization of $12.20 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. 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 released its quarterly earnings results 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 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 the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 16.3% on a year-over-year basis. On average, analysts expect that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.70%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

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.