CIBC Asset Management Inc Has $1.46 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

CIBC Asset Management Inc increased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,825 shares of the specialty retailer’s stock after acquiring an additional 851 shares during the quarter. CIBC Asset Management Inc’s holdings in Lamb Weston were worth $1,459,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LW. Kornitzer Capital Management Inc. KS raised its stake in Lamb Weston by 0.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after purchasing an additional 156 shares during the period. Allworth Financial LP grew its holdings in shares of Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after buying an additional 170 shares in the last quarter. Bridges Investment Management Inc. lifted its stake in Lamb Weston by 2.8% in the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after acquiring an additional 181 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 186 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its stake in Lamb Weston by 31.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 977 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $55.76 on Friday. The business’s 50-day simple moving average is $62.21 and its 200-day simple moving average is $67.39. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $107.50. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 1.41 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.65%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. Lamb Weston’s dividend payout ratio is 58.50%.

Insider Activity

In other Lamb Weston news, Director Charles A. Blixt acquired 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LW. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Barclays dropped their price target 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective for the company. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.