Fidelity National Financial Inc. Has $22.66 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Fidelity National Financial Inc. raised its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 40.0% in the third quarter, HoldingsChannel reports. The fund owned 350,000 shares of the specialty retailer’s stock after purchasing an additional 100,000 shares during the quarter. Lamb Weston makes up approximately 0.4% of Fidelity National Financial Inc.’s holdings, making the stock its 13th largest holding. Fidelity National Financial Inc.’s holdings in Lamb Weston were worth $22,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nicola Wealth Management LTD. acquired a new position in Lamb Weston during the 3rd quarter valued at about $6,474,000. Confluence Investment Management LLC purchased a new position in shares of Lamb Weston during the second quarter valued at approximately $7,937,000. EntryPoint Capital LLC bought a new stake in Lamb Weston during the first quarter worth $28,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lamb Weston in the 2nd quarter valued at $3,279,000. Finally, Clarkston Capital Partners LLC lifted its stake in Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Bank of America lifted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $82.22.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $76.11 on Thursday. The firm has a market capitalization of $10.85 billion, a PE ratio of 17.87, a P/E/G ratio of 1.34 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a 50-day moving average price of $72.32 and a two-hundred day moving average price of $74.03. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued 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 yield of 1.89%. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Lamb Weston 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.