Susquehanna Fundamental Investments LLC Invests $3.28 Million in Lamb Weston Holdings, Inc. (NYSE:LW)

Susquehanna Fundamental Investments LLC acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,000 shares of the specialty retailer’s stock, valued at approximately $3,279,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp raised its position in shares of Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 174 shares during the period. EntryPoint Capital LLC bought a new stake in Lamb Weston during the 1st quarter valued at $28,000. Crewe Advisors LLC lifted its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Lamb Weston in the first quarter valued at $32,000. Finally, GAMMA Investing LLC grew its position in shares of Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Price Performance

LW opened at $66.80 on Monday. The stock has a market capitalization of $9.65 billion, a P/E ratio of 8.92, a PEG ratio of 6.18 and a beta of 0.75. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The stock has a 50-day moving average price of $62.18 and a 200-day moving average price of $78.18.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Equities analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LW. TD Cowen raised their target price on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Citigroup boosted their price objective on shares of Lamb Weston from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Bank of America upped their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Lamb Weston has a consensus rating of “Moderate Buy” and a consensus target price of $80.70.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.66% of the company’s stock.

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.