Robeco Institutional Asset Management B.V. Makes New $889,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Posted by on May 6th, 2023

Robeco Institutional Asset Management B.V. purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,953 shares of the specialty retailer’s stock, valued at approximately $889,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. RE Dickinson Investment Advisors LLC raised its position in shares of Lamb Weston by 16.8% during the third quarter. RE Dickinson Investment Advisors LLC now owns 862 shares of the specialty retailer’s stock worth $67,000 after acquiring an additional 124 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Lamb Weston by 0.6% in the 4th quarter. Yousif Capital Management LLC now owns 21,738 shares of the specialty retailer’s stock worth $1,943,000 after purchasing an additional 124 shares during the period. Avitas Wealth Management LLC boosted its stake in shares of Lamb Weston by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 28,090 shares of the specialty retailer’s stock valued at $2,510,000 after purchasing an additional 130 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Lamb Weston by 4.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 2,798 shares of the specialty retailer’s stock worth $250,000 after buying an additional 131 shares during the period. Finally, Hunter Associates Investment Management LLC raised its stake in Lamb Weston by 3.3% during the third quarter. Hunter Associates Investment Management LLC now owns 4,328 shares of the specialty retailer’s stock worth $324,000 after buying an additional 138 shares during the last quarter. 89.87% of the stock is currently owned by institutional investors.

Lamb Weston Stock Performance

Shares of LW stock opened at $112.09 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 firm has a fifty day simple moving average of $104.67 and a two-hundred day simple moving average of $95.69. Lamb Weston Holdings, Inc. has a 12 month low of $60.59 and a 12 month high of $113.03. The firm has a market capitalization of $16.33 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 0.58 and a beta of 0.53.

Lamb Weston (NYSE:LW – Get Rating) last posted its earnings results on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $0.98 by $0.45. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. Analysts forecast that Lamb Weston Holdings, Inc. will post 4.51 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed 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. This represents a $1.12 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, May 4th. Lamb Weston’s dividend payout ratio (DPR) is presently 29.95%.

Analyst Upgrades and Downgrades

LW has been the subject of a number of recent analyst reports. Bank of America increased their price target on Lamb Weston from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, April 10th. Stifel Nicolaus assumed coverage on Lamb Weston in a report on Thursday, April 13th. They set a “hold” rating and a $115.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Lamb Weston from $97.00 to $107.00 in a research note on Thursday, April 6th. Barclays increased their target price on shares of Lamb Weston from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, April 10th. Finally, StockNews.com assumed coverage on shares of Lamb Weston in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $118.40.

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.

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

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