State Board of Administration of Florida Retirement System Lowers Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

State Board of Administration of Florida Retirement System reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,952 shares of the specialty retailer’s stock after selling 3,710 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Lamb Weston were worth $14,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Lamb Weston by 28.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer’s stock worth $9,665,000 after purchasing an additional 23,085 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Lamb Weston by 6.8% during the second quarter. Daiwa Securities Group Inc. now owns 11,473 shares of the specialty retailer’s stock worth $1,319,000 after purchasing an additional 733 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Lamb Weston by 31.8% during the second quarter. Illinois Municipal Retirement Fund now owns 15,809 shares of the specialty retailer’s stock worth $1,817,000 after purchasing an additional 3,813 shares during the last quarter. Lmcg Investments LLC raised its holdings in shares of Lamb Weston by 2.2% during the third quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock worth $1,289,000 after purchasing an additional 304 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in shares of Lamb Weston by 31.3% during the second quarter. State of Wisconsin Investment Board now owns 173,152 shares of the specialty retailer’s stock worth $19,904,000 after purchasing an additional 41,294 shares during the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

LW opened at $100.83 on Monday. The firm has a market capitalization 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 twelve month low of $81.25 and a twelve month high of $117.38. The firm’s 50-day moving average price is $105.25 and its 200 day moving average price is $98.81. The company has a current ratio of 1.29, a quick ratio of 0.57 and a debt-to-equity ratio of 1.95.

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

Lamb Weston Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 2nd will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.43%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, February 1st. Lamb Weston’s payout ratio is presently 18.73%.

Analysts Set New Price Targets

A number of research firms have weighed in on LW. StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Wells Fargo & Company began coverage on shares of Lamb Weston in a report on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price objective for the company. Citigroup began coverage on shares of Lamb Weston in a report on Thursday, February 1st. They issued a “buy” rating and a $132.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.11.

Check Out Our Latest Report on Lamb Weston

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.

Featured Stories

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LWFree Report).

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

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.