New York Life Investment Management LLC Acquires 788 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

New York Life Investment Management LLC raised its holdings in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,874 shares of the specialty retailer’s stock after acquiring an additional 788 shares during the quarter. New York Life Investment Management LLC’s holdings in Lamb Weston were worth $3,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in LW. Assenagon Asset Management S.A. boosted its position in Lamb Weston by 406.5% during the third quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer’s stock valued at $86,407,000 after purchasing an additional 750,033 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Lamb Weston by 277.2% during the fourth quarter. Artemis Investment Management LLP now owns 566,553 shares of the specialty retailer’s stock valued at $61,238,000 after buying an additional 416,339 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Lamb Weston by 121.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock valued at $69,014,000 after buying an additional 409,810 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Lamb Weston by 115.8% in the 3rd quarter. California Public Employees Retirement System now owns 639,798 shares of the specialty retailer’s stock worth $59,156,000 after buying an additional 343,351 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Lamb Weston during the 3rd quarter worth approximately $24,254,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of several recent analyst reports. Bank of America lowered their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Wells Fargo & Company dropped their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. BNP Paribas began coverage on Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target for the company. Citigroup dropped their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, Barclays lowered their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of “Moderate Buy” and a consensus price target of $117.40.

View Our Latest Stock Analysis on Lamb Weston

Lamb Weston Price Performance

NYSE:LW opened at $85.08 on Friday. The firm’s fifty day moving average is $93.67 and its two-hundred day moving average is $98.39. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.38 and a beta of 0.79. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19.

Lamb Weston (NYSE:LWGet Free Report) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. Research analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

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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