MGO One Seven LLC lifted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 70.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,841 shares of the specialty retailer’s stock after acquiring an additional 1,592 shares during the period. MGO One Seven LLC’s holdings in Lamb Weston were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its position in Lamb Weston by 155.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,928,598 shares of the specialty retailer’s stock valued at $172,340,000 after buying an additional 1,173,415 shares in the last quarter. Amundi increased its position in Lamb Weston by 73.3% in the 4th quarter. Amundi now owns 2,368,387 shares of the specialty retailer’s stock valued at $230,302,000 after buying an additional 1,002,040 shares in the last quarter. AGF Management Ltd. bought a new stake in Lamb Weston in the 1st quarter valued at about $84,036,000. Duquesne Family Office LLC increased its position in Lamb Weston by 75.1% in the 4th quarter. Duquesne Family Office LLC now owns 1,657,875 shares of the specialty retailer’s stock valued at $148,148,000 after buying an additional 711,075 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Lamb Weston by 182.2% in the 4th quarter. First Trust Advisors LP now owns 860,867 shares of the specialty retailer’s stock valued at $76,927,000 after buying an additional 555,773 shares in the last quarter. 86.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
LW has been the subject of a number of research analyst reports. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, August 4th. Barclays boosted their target price on Lamb Weston from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, July 20th. Finally, StockNews.com assumed coverage on Lamb Weston in a report on Thursday, May 18th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.40.
Lamb Weston Stock Performance
Shares of LW opened at $97.20 on Tuesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.88 and a current ratio of 1.56. The stock has a 50 day moving average price of $109.87 and a two-hundred day moving average price of $106.81. The firm has a market capitalization of $14.17 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.53 and a beta of 0.52. Lamb Weston Holdings, Inc. has a 52 week low of $74.91 and a 52 week high of $117.38.
Lamb Weston (NYSE:LW – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. Lamb Weston had a return on equity of 84.65% and a net margin of 18.86%. Lamb Weston’s revenue was up 46.9% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 5.21 earnings per share for the current fiscal year.
Lamb Weston Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 1.15%. Lamb Weston’s dividend payout ratio (DPR) is presently 16.18%.
Insiders Place Their Bets
In other news, SVP Sharon L. Miller sold 4,350 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $115.00, for a total transaction of $500,250.00. Following the completion of the sale, the senior vice president now owns 49,859 shares in the company, valued at approximately $5,733,785. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Lamb Weston news, insider Eryk J. Spytek sold 6,319 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $103.23, for a total value of $652,310.37. Following the sale, the insider now directly owns 1,052 shares in the company, valued at $108,597.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Sharon L. Miller sold 4,350 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $115.00, for a total value of $500,250.00. Following the completion of the sale, the senior vice president now owns 49,859 shares in the company, valued at $5,733,785. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.
About Lamb Weston
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
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