State Board of Administration of Florida Retirement System Has $14.79 Million Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

State Board of Administration of Florida Retirement System lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 159,952 shares of the specialty retailer’s stock after selling 3,710 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Lamb Weston worth $14,789,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LW. Raymond James & Associates lifted its stake in shares of Lamb Weston by 60.0% during the first quarter. Raymond James & Associates now owns 31,305 shares of the specialty retailer’s stock valued at $1,875,000 after acquiring an additional 11,741 shares during the period. American Century Companies Inc. lifted its stake in shares of Lamb Weston by 37.5% during the first quarter. American Century Companies Inc. now owns 21,746 shares of the specialty retailer’s stock valued at $1,302,000 after acquiring an additional 5,933 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Lamb Weston during the first quarter valued at $92,000. MetLife Investment Management LLC lifted its stake in shares of Lamb Weston by 28.5% during the first quarter. MetLife Investment Management LLC now owns 41,455 shares of the specialty retailer’s stock valued at $2,484,000 after acquiring an additional 9,184 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of Lamb Weston by 158.3% during the first quarter. Panagora Asset Management Inc. now owns 28,927 shares of the specialty retailer’s stock valued at $1,733,000 after acquiring an additional 17,726 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.

Lamb Weston Stock Down 0.0 %

NYSE:LW opened at $100.83 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.57 and a current ratio of 1.29. The company has a market cap of $14.56 billion, a PE ratio of 13.11, a PEG ratio of 1.14 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 52-week low of $81.25 and a 52-week high of $117.38. The stock has a 50-day simple moving average of $105.25 and a 200 day simple moving average of $98.81.

Lamb Weston (NYSE:LWGet Free Report) last posted its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. Lamb Weston’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 5.94 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 2nd will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, February 1st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a yield of 1.43%. Lamb Weston’s dividend payout ratio is 18.73%.

Analyst Upgrades and Downgrades

LW has been the subject of a number of recent analyst reports. StockNews.com downgraded Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Stifel Nicolaus upped their price objective on Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, January 5th. Wells Fargo & Company initiated coverage on Lamb Weston in a report on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price objective for the company. Finally, Citigroup initiated coverage on Lamb Weston in a report on Thursday, February 1st. They issued a “buy” rating and a $132.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $127.11.

Get Our Latest Stock Analysis on LW

About Lamb Weston

(Free Report)

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.

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

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