Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Asset Management One Co. Ltd.

Posted by Defense World Staff on Apr 30th, 2023

Asset Management One Co. Ltd. increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 5,950.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,278 shares of the specialty retailer’s stock after purchasing an additional 68,133 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Lamb Weston were worth $6,162,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd raised its position in Lamb Weston by 209.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,649 shares of the specialty retailer’s stock worth $147,000 after acquiring an additional 1,116 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth about $36,000. Ellevest Inc. lifted its stake in Lamb Weston by 10.5% in the 4th quarter. Ellevest Inc. now owns 1,836 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 175 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Lamb Weston by 51.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,996 shares of the specialty retailer’s stock worth $1,072,000 after buying an additional 4,081 shares during the last quarter. Finally, Securian Asset Management Inc. increased its stake in Lamb Weston by 4.0% during the 4th quarter. Securian Asset Management Inc. now owns 12,022 shares of the specialty retailer’s stock worth $1,074,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.

Analyst Ratings Changes

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

Lamb Weston Stock Performance

Lamb Weston stock opened at $111.81 on Friday. The firm has a 50 day simple moving average of $103.55 and a 200-day simple moving average of $94.81. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 0.58 and a beta of 0.53. The company has a debt-to-equity ratio of 4.43, a current ratio of 2.59 and a quick ratio of 1.57. Lamb Weston Holdings, Inc. has a 1-year low of $60.59 and a 1-year high of $111.88.

Lamb Weston (NYSE:LW – Get Rating) last issued its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, analysts expect that Lamb Weston Holdings, Inc. will post 4.51 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 5th will be given a $0.28 dividend. The ex-dividend date is Thursday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. Lamb Weston’s payout ratio is currently 29.95%.

About Lamb Weston

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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.