Mirae Asset Global Investments Co. Ltd. Has $1.14 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,045 shares of the specialty retailer’s stock after acquiring an additional 3,868 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lamb Weston were worth $1,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LW. State Street Corp lifted its holdings in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares during the period. Geode Capital Management LLC raised its position in Lamb Weston by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock worth $218,598,000 after purchasing an additional 24,097 shares during the last quarter. Clarkston Capital Partners LLC lifted its holdings in Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after buying an additional 1,618,570 shares during the period. Southpoint Capital Advisors LP bought a new stake in shares of Lamb Weston in the 3rd quarter valued at about $129,480,000. Finally, Champlain Investment Partners LLC increased its stake in shares of Lamb Weston by 31.6% in the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock valued at $126,309,000 after buying an additional 468,190 shares during the period. Institutional investors own 89.56% of the company’s stock.

Insider Activity

In other news, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the acquisition, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. The trade was a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $58.78 on Wednesday. The business has a 50-day simple moving average of $65.77 and a 200 day simple moving average of $67.55. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.46 and a beta of 0.72. 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 one year low of $52.99 and a one year high of $107.50.

Lamb Weston (NYSE:LW) last released its quarterly earnings data 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 firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The company’s revenue was down 7.5% compared to the same quarter last year. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.52%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LW shares. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Barclays reduced their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Bank of America lifted their target price on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group upped their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.