Los Angeles Capital Management LLC Purchases 64,950 Shares of Lamb Weston $LW

Los Angeles Capital Management LLC increased its position in shares of Lamb Weston (NYSE:LWFree Report) by 187.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,527 shares of the specialty retailer’s stock after acquiring an additional 64,950 shares during the period. Los Angeles Capital Management LLC’s holdings in Lamb Weston were worth $4,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LW. Royal Bank of Canada increased its holdings in Lamb Weston by 29.4% during the 1st quarter. Royal Bank of Canada now owns 185,038 shares of the specialty retailer’s stock worth $9,862,000 after acquiring an additional 42,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Lamb Weston by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,355 shares of the specialty retailer’s stock worth $872,000 after acquiring an additional 549 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Lamb Weston by 19.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,490 shares of the specialty retailer’s stock worth $181,000 after acquiring an additional 567 shares during the period. Amundi grew its stake in Lamb Weston by 405.9% in the 2nd quarter. Amundi now owns 256,794 shares of the specialty retailer’s stock worth $13,548,000 after buying an additional 206,034 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Lamb Weston by 70.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 18,116 shares of the specialty retailer’s stock worth $939,000 after buying an additional 7,503 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Activity

In other Lamb Weston news, Director Jana Partners Management, Lp purchased 136,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average cost of $40.89 per share, for a total transaction of $5,561,040.00. Following the purchase, the director directly owned 5,148,980 shares in the company, valued at $210,541,792.20. The trade was a 2.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter J. Bensen acquired 5,000 shares of Lamb Weston stock in a transaction on Monday, April 6th. The shares were purchased at an average price of $39.45 per share, with a total value of $197,250.00. Following the completion of the purchase, the director owned 17,204 shares in the company, valued at $678,697.80. This represents a 40.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 391,000 shares of company stock valued at $16,270,790. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on LW. Barclays cut their price target on shares of Lamb Weston from $55.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Stephens began coverage on shares of Lamb Weston in a research note on Wednesday, May 27th. They issued an “equal weight” rating and a $46.00 price target for the company. Bank of America cut their price target on shares of Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Wells Fargo & Company cut their price target on shares of Lamb Weston from $54.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Lamb Weston from $46.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $47.82.

View Our Latest Stock Report on Lamb Weston

Lamb Weston Trading Up 1.1%

Shares of LW opened at $42.56 on Tuesday. The stock has a market capitalization of $5.88 billion, a P/E ratio of 19.89, a PEG ratio of 5.61 and a beta of 0.47. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 1.99. The firm has a fifty day simple moving average of $42.52 and a two-hundred day simple moving average of $46.03. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07.

Lamb Weston (NYSE:LWGet Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.11. Lamb Weston had a net margin of 4.61% and a return on equity of 23.77%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts anticipate that Lamb Weston will post 2.85 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, May 8th. Lamb Weston’s dividend payout ratio (DPR) is presently 71.03%.

Lamb Weston Profile

(Free Report)

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.

See Also

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

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