Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,436,604 shares of the specialty retailer’s stock after purchasing an additional 48,548 shares during the period. Geode Capital Management LLC’s holdings in Lamb Weston were worth $229,065,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. National Bank of Canada FI increased its stake in Lamb Weston by 14.6% during the 4th quarter. National Bank of Canada FI now owns 70,287 shares of the specialty retailer’s stock valued at $4,697,000 after buying an additional 8,952 shares during the period. Rodgers Brothers Inc. boosted its holdings in shares of Lamb Weston by 874.4% in the fourth quarter. Rodgers Brothers Inc. now owns 138,371 shares of the specialty retailer’s stock valued at $9,247,000 after acquiring an additional 124,170 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Lamb Weston by 8.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,002 shares of the specialty retailer’s stock valued at $334,000 after acquiring an additional 397 shares during the period. Schroder Investment Management Group bought a new stake in Lamb Weston during the fourth quarter worth approximately $275,000. Finally, Okabena Investment Services Inc. acquired a new stake in Lamb Weston in the fourth quarter worth approximately $685,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.

Lamb Weston Price Performance

LW opened at $59.11 on Friday. The firm has a market capitalization of $8.43 billion, a P/E ratio of 23.36, a PEG ratio of 1.40 and a beta of 0.48. The stock has a fifty day moving average of $55.22 and a 200-day moving average of $65.56. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.50%. Lamb Weston’s dividend payout ratio is currently 58.50%.

Wall Street Analysts Forecast Growth

LW has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays lowered their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. 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 report on Tuesday, December 17th. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating on the stock in a research note on Friday. Finally, StockNews.com raised shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.09.

Lamb Weston Profile

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.