DekaBank Deutsche Girozentrale Grows Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Posted by on Apr 21st, 2023

DekaBank Deutsche Girozentrale increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 33,639 shares of the specialty retailer’s stock after acquiring an additional 3,155 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Lamb Weston were worth $2,986,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Lamb Weston by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,395,925 shares of the specialty retailer’s stock worth $1,268,717,000 after acquiring an additional 146,496 shares during the last quarter. State Street Corp boosted its position in shares of Lamb Weston by 3.4% during the first quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock worth $312,971,000 after buying an additional 172,399 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Lamb Weston by 406.3% in the third quarter. Assenagon Asset Management S.A. now owns 2,163,982 shares of the specialty retailer’s stock valued at $167,449,000 after buying an additional 1,736,583 shares in the last quarter. Montrusco Bolton Investments Inc. raised its holdings in shares of Lamb Weston by 3.3% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 2,089,338 shares of the specialty retailer’s stock valued at $158,758,000 after buying an additional 66,356 shares during the period. Finally, Invesco Ltd. lifted its stake in Lamb Weston by 13.1% during the 1st quarter. Invesco Ltd. now owns 2,025,493 shares of the specialty retailer’s stock worth $121,348,000 after acquiring an additional 235,014 shares in the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Lamb Weston Price Performance

Lamb Weston stock opened at $110.18 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.57 and a debt-to-equity ratio of 4.43. The company has a fifty day simple moving average of $102.25 and a 200-day simple moving average of $93.48. The stock has a market cap of $16.05 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 0.57 and a beta of 0.53. Lamb Weston Holdings, Inc. has a 12-month low of $60.59 and a 12-month high of $110.36.

Lamb Weston (NYSE:LW – Get Rating) last announced its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.45. Lamb Weston had a return on equity of 110.40% and a net margin of 11.27%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.73 EPS. Lamb Weston’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities analysts expect that Lamb Weston Holdings, Inc. will post 4.51 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 5th will be given 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 1.02%. Lamb Weston’s dividend payout ratio is presently 29.95%.

Wall Street Analysts Forecast Growth

LW has been the subject of several research reports. The Goldman Sachs Group lifted their target price on Lamb Weston from $97.00 to $107.00 in a research report on Thursday, April 6th. JPMorgan Chase & Co. upped their target price 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. Bank of America raised their price target on shares of Lamb Weston from $115.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, April 10th. StockNews.com began coverage on Lamb Weston in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus started coverage on Lamb Weston in a report on Thursday, April 13th. They issued a “hold” rating and a $115.00 target price for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus price target of $118.40.

Lamb Weston 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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