Fmr LLC Has $630.74 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Fmr LLC lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 38.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,742,586 shares of the specialty retailer’s stock after selling 6,180,664 shares during the period. Fmr LLC owned 0.07% of Lamb Weston worth $630,735,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. City State Bank raised its position in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Crewe Advisors LLC raised its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the period. Finally, Riverview Trust Co bought a new stake in Lamb Weston in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.2 %

Lamb Weston stock opened at $76.71 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a fifty day simple moving average of $74.01 and a 200 day simple moving average of $73.81. The company has a market cap of $10.94 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company earned $1.63 EPS. Lamb Weston’s revenue for the quarter was down .7% compared to the same quarter last year. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Citigroup boosted their target price on Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. TD Cowen increased their target price on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Finally, Bank of America increased their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Lamb Weston has an average rating of “Hold” and an average price target of $82.22.

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.