Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 195.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 57,577 shares of the specialty retailer’s stock after buying an additional 38,086 shares during the period. Cetera Investment Advisers’ holdings in Lamb Weston were worth $3,848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BROOKFIELD Corp ON lifted its stake in shares of Lamb Weston by 214.5% during the fourth quarter. BROOKFIELD Corp ON now owns 519,000 shares of the specialty retailer’s stock worth $34,685,000 after purchasing an additional 354,000 shares in the last quarter. Captrust Financial Advisors grew its position in Lamb Weston by 6.5% in the fourth quarter. Captrust Financial Advisors now owns 9,656 shares of the specialty retailer’s stock valued at $645,000 after acquiring an additional 592 shares in the last quarter. Banque de Luxembourg S.A. purchased a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $86,000. Beryl Capital Management LLC purchased a new position in shares of Lamb Weston in the fourth quarter valued at $3,084,000. Finally, Benjamin Edwards Inc. grew its holdings in Lamb Weston by 8.6% during the 4th quarter. Benjamin Edwards Inc. now owns 4,729 shares of the specialty retailer’s stock valued at $316,000 after purchasing an additional 374 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of NYSE LW opened at $51.63 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51. The business has a 50 day simple moving average of $52.99 and a 200-day simple moving average of $61.87.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio is presently 58.04%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Jefferies Financial Group cut their price target on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Barclays lowered their price objective on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a research note on Monday. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a “hold” rating in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.91.

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.