Deutsche Bank AG Acquires 106,674 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Deutsche Bank AG increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 622,883 shares of the specialty retailer’s stock after purchasing an additional 106,674 shares during the quarter. Deutsche Bank AG’s holdings in Lamb Weston were worth $41,627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deprince Race & Zollo Inc. boosted its position in Lamb Weston by 8.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 791,028 shares of the specialty retailer’s stock valued at $52,864,000 after acquiring an additional 60,219 shares during the last quarter. Dean Capital Management lifted its stake in shares of Lamb Weston by 2.2% in the 4th quarter. Dean Capital Management now owns 19,932 shares of the specialty retailer’s stock valued at $1,332,000 after purchasing an additional 432 shares during the period. Concentric Capital Strategies LP bought a new stake in shares of Lamb Weston during the 4th quarter valued at about $595,000. Crestline Management LP acquired a new stake in Lamb Weston during the fourth quarter worth approximately $9,549,000. Finally, Cetera Investment Advisers lifted its stake in Lamb Weston by 195.4% in the fourth quarter. Cetera Investment Advisers now owns 57,577 shares of the specialty retailer’s stock valued at $3,848,000 after buying an additional 38,086 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Shares of LW stock opened at $51.21 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a 50-day moving average of $53.04 and a 200-day moving average of $62.20. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51. The company has a market cap of $7.23 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.89%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LW. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Jefferies Financial Group cut their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, Wells Fargo & Company cut their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.91.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.