Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,436,604 shares of the specialty retailer’s stock after acquiring an additional 48,548 shares during the quarter. Geode Capital Management LLC owned about 2.41% of Lamb Weston worth $229,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after purchasing an additional 170 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 186 shares in the last quarter. Blair William & Co. IL boosted its holdings in Lamb Weston by 3.2% in the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock worth $476,000 after acquiring an additional 219 shares during the period. Atria Investments Inc grew its position in Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock valued at $485,000 after acquiring an additional 227 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Lamb Weston by 2.8% during the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock valued at $595,000 after purchasing an additional 239 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LW shares. Jefferies Financial Group raised their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Barclays lowered their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and an average target price of $73.09.

Lamb Weston Stock Performance

LW stock opened at $59.11 on Friday. The stock’s 50 day simple moving average is $55.22 and its 200 day simple moving average is $65.56. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51. The firm has a market cap of $8.43 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.50%. Lamb Weston’s payout ratio is currently 58.50%.

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.