3,713 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new position in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,713 shares of the specialty retailer’s stock, valued at approximately $265,000.

Several other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in Lamb Weston by 12.1% in the second quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s stock valued at $99,000 after purchasing an additional 149 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Lamb Weston by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 10,209 shares of the specialty retailer’s stock valued at $730,000 after buying an additional 152 shares during the period. FDx Advisors Inc. raised its holdings in shares of Lamb Weston by 3.6% during the 2nd quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s stock valued at $328,000 after buying an additional 160 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Lamb Weston by 7.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 165 shares during the period. Finally, Hartford Investment Management Co. raised its holdings in shares of Lamb Weston by 1.2% during the 2nd quarter. Hartford Investment Management Co. now owns 13,843 shares of the specialty retailer’s stock valued at $989,000 after buying an additional 165 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

LW stock opened at $86.40 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 5.29. Lamb Weston Holdings, Inc. has a 52-week low of $49.71 and a 52-week high of $88.04. The stock’s 50 day moving average is $82.20 and its two-hundred day moving average is $76.35. The company has a market capitalization of $12.43 billion, a PE ratio of 31.19, a P/E/G ratio of 1.06 and a beta of 0.54.

Lamb Weston (NYSE:LWGet Rating) last posted its quarterly earnings data on Wednesday, October 5th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. Lamb Weston had a return on equity of 93.98% and a net margin of 9.50%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.20 EPS. Lamb Weston’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts predict that Lamb Weston Holdings, Inc. will post 3.03 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 4th will be issued a $0.245 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.13%. Lamb Weston’s dividend payout ratio (DPR) is 35.38%.

Analysts Set New Price Targets

LW has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, October 12th. Bank of America raised their target price on Lamb Weston from $90.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, October 6th. Stifel Nicolaus raised their target price on Lamb Weston from $82.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 6th. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $98.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, October 6th. Finally, TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Lamb Weston presently has an average rating of “Moderate Buy” and an average target price of $88.20.

Insider Activity

In other news, SVP Sharon L. Miller sold 4,678 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $85.00, for a total value of $397,630.00. Following the completion of the sale, the senior vice president now directly owns 59,678 shares in the company, valued at approximately $5,072,630. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.80% of the company’s stock.

Lamb Weston Profile

(Get Rating)

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.

Featured Stories

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

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