Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Natixis Advisors L.P.

Posted by on Apr 15th, 2023

Natixis Advisors L.P. boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 3.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,699 shares of the specialty retailer’s stock after acquiring an additional 2,186 shares during the period. Natixis Advisors L.P.’s holdings in Lamb Weston were worth $6,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC acquired a new position in shares of Lamb Weston in the 4th quarter valued at $30,000. Pinnacle Financial Partners Inc. purchased a new position in Lamb Weston during the 3rd quarter worth $26,000. Arcus Capital Partners LLC purchased a new position in Lamb Weston during the 4th quarter worth $31,000. Eagle Bay Advisors LLC purchased a new position in Lamb Weston during the 2nd quarter worth $29,000. Finally, Harbor Investment Advisory LLC raised its position in Lamb Weston by 160.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 432 shares of the specialty retailer’s stock worth $39,000 after buying an additional 266 shares during the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Lamb Weston from $97.00 to $107.00 in a research report on Thursday, April 6th. StockNews.com began coverage on shares of Lamb Weston in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Stifel Nicolaus began coverage on shares of Lamb Weston in a research note on Thursday. They set a “hold” rating and a $115.00 price target on the stock. Bank of America upped their price target on shares of Lamb Weston from $115.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Lamb Weston from $112.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and an average price target of $118.40.

Lamb Weston Price Performance

Shares of NYSE LW opened at $108.71 on Friday. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 0.56 and a beta of 0.53. Lamb Weston Holdings, Inc. has a 52 week low of $60.59 and a 52 week high of $109.70. The company’s 50-day moving average price is $101.39 and its 200 day moving average price is $92.60. The company has a current ratio of 2.59, a quick ratio of 1.57 and a debt-to-equity ratio of 4.43.

Lamb Weston (NYSE:LW – Get Rating) last issued its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.45. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Lamb Weston had a net margin of 11.27% and a return on equity of 110.40%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. As a group, research analysts forecast that Lamb Weston Holdings, Inc. will post 4.52 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 5th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $1.12 annualized dividend and a dividend yield of 1.03%. Lamb Weston’s dividend payout ratio is currently 29.95%.

Lamb Weston Company Profile

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Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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