NEOS Investment Management LLC Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

NEOS Investment Management LLC bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,051 shares of the specialty retailer’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its stake in shares of Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares during the period. TFO Wealth Partners LLC lifted its position in Lamb Weston by 8,040.0% during the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after acquiring an additional 402 shares during the period. Headlands Technologies LLC purchased a new position in shares of Lamb Weston in the 4th quarter valued at approximately $51,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Lamb Weston by 864.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 432 shares during the period. Finally, Desjardins Global Asset Management Inc. raised its stake in shares of Lamb Weston by 537.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 956 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LW. Bank of America cut their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Barclays lowered their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. BNP Paribas assumed coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company. Citigroup decreased their price target 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. Finally, Wells Fargo & Company cut their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

Read Our Latest Stock Report on Lamb Weston

Lamb Weston Stock Up 0.9 %

LW opened at $86.05 on Friday. 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 $12.42 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.24 and a beta of 0.75. The business’s fifty day moving average is $85.83 and its two-hundred day moving average is $97.45. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19.

Lamb Weston (NYSE:LWGet Free Report) 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). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 earnings per share. Analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 3rd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Thursday, May 2nd. Lamb Weston’s payout ratio is currently 19.23%.

About Lamb Weston

(Free Report)

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.

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

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