Liberty One Investment Management LLC Has $23.41 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Liberty One Investment Management LLC increased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 697.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 350,268 shares of the specialty retailer’s stock after purchasing an additional 306,343 shares during the quarter. Lamb Weston makes up 2.5% of Liberty One Investment Management LLC’s portfolio, making the stock its 18th biggest position. Liberty One Investment Management LLC owned 0.25% of Lamb Weston worth $23,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its holdings in Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after acquiring an additional 817 shares during the period. Avanza Fonder AB acquired a new stake in shares of Lamb Weston during the fourth quarter worth $927,000. Tompkins Financial Corp increased its holdings in Lamb Weston by 751.9% in the fourth quarter. Tompkins Financial Corp now owns 2,266 shares of the specialty retailer’s stock valued at $151,000 after purchasing an additional 2,000 shares during the last quarter. Bernzott Capital Advisors lifted its stake in Lamb Weston by 3.5% in the fourth quarter. Bernzott Capital Advisors now owns 101,605 shares of the specialty retailer’s stock valued at $6,790,000 after buying an additional 3,460 shares during the period. Finally, Smith Thornton Advisors LLC acquired a new position in Lamb Weston in the fourth quarter valued at about $269,000. 89.56% of the stock is owned by institutional investors.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now owns 22,982 shares in the company, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Lamb Weston Stock Up 1.8 %

LW stock opened at $60.14 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $110.61. The stock has a market capitalization of $8.58 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.48 and a beta of 0.73. The business has a 50-day moving average of $71.29 and a 200-day moving average of $69.41.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $1.45 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.11 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.46%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is presently 56.92%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. TD Cowen upped their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $81.00.

About Lamb Weston

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.