BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $7.79 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,678 shares of the specialty retailer’s stock after purchasing an additional 236 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.06% of Lamb Weston worth $7,792,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Lamb Weston by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after acquiring an additional 60,601 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Lamb Weston by 15.1% during the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock valued at $199,183,000 after acquiring an additional 241,848 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after acquiring an additional 129,120 shares in the last quarter. Artemis Investment Management LLP grew its holdings in Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after buying an additional 663,985 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Lamb Weston by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock worth $126,189,000 after purchasing an additional 21,981 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LW shares. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. Barclays reduced their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their price objective on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Citigroup reduced their target price on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price target on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.70.

Insider Transactions at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.66% of the company’s stock.

Lamb Weston Price Performance

LW stock opened at $61.92 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The firm’s 50-day moving average price is $68.91 and its two-hundred day moving average price is $83.66. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 5.65 and a beta of 0.74. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.55 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s payout ratio is currently 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.