Stifel Financial Corp lessened its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,731 shares of the specialty retailer’s stock after selling 3,814 shares during the quarter. Stifel Financial Corp’s holdings in Lamb Weston were worth $5,055,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. raised its position in Lamb Weston by 62.4% during the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Sun Life Financial INC acquired a new position in shares of Lamb Weston in the fourth quarter valued at $30,000. Guardian Life Insurance Co. of America acquired a new position in shares of Lamb Weston in the fourth quarter valued at $30,000. Timber Creek Capital Management LLC increased its holdings in shares of Lamb Weston by 143.5% in the fourth quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 310 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Lamb Weston by 4,768.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 2,749,828 shares during the last quarter. 83.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, April 4th. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Jefferies Financial Group set a $85.00 price objective on shares of Lamb Weston and gave the company a “buy” rating in a report on Friday, January 4th. Consumer Edge started coverage on shares of Lamb Weston in a research note on Friday, March 22nd. They issued an “outperform” rating on the stock. Finally, Daiwa Capital Markets started coverage on shares of Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.83.
Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.13. The firm had revenue of $926.80 million for the quarter, compared to the consensus estimate of $898.46 million. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. On average, research analysts forecast that Lamb Weston Holdings Inc will post 3.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.12%. Lamb Weston’s payout ratio is 30.08%.
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Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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