Koss Olinger Consulting LLC Has $614,000 Stock Position in Lamb Weston $LW

Koss Olinger Consulting LLC decreased its position in shares of Lamb Weston (NYSE:LW) by 54.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,653 shares of the specialty retailer’s stock after selling 17,606 shares during the period. Koss Olinger Consulting LLC’s holdings in Lamb Weston were worth $614,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC boosted its position in Lamb Weston by 115.5% during the third quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Lamb Weston by 380.7% during the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 571 shares during the last quarter. Stance Capital LLC acquired a new stake in Lamb Weston during the third quarter valued at $51,000. Danske Bank A S acquired a new stake in Lamb Weston during the third quarter valued at $52,000. Finally, Larson Financial Group LLC lifted its position in shares of Lamb Weston by 47.1% in the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock worth $55,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Activity

In other Lamb Weston news, Director Peter J. Bensen acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was acquired at an average price of $39.45 per share, with a total value of $197,250.00. Following the transaction, the director owned 17,204 shares of the company’s stock, valued at approximately $678,697.80. This trade represents a 40.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jana Partners Management, Lp acquired 136,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of $40.89 per share, with a total value of $5,561,040.00. Following the transaction, the director directly owned 5,148,980 shares in the company, valued at $210,541,792.20. The trade was a 2.71% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 391,000 shares of company stock valued at $16,270,790 in the last three months. 0.29% of the stock is owned by insiders.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $43.21 on Friday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The business has a 50-day moving average of $42.37 and a two-hundred day moving average of $46.78. The stock has a market capitalization of $5.97 billion, a P/E ratio of 20.19, a P/E/G ratio of 6.24 and a beta of 0.47. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.46 and a quick ratio of 0.69.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.11. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Lamb Weston will post 2.85 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, May 8th. Lamb Weston’s payout ratio is currently 71.03%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings cut Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 10th. Stifel Nicolaus reduced their price target on Lamb Weston from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Stephens assumed coverage on Lamb Weston in a research report on Wednesday. They issued an “equal weight” rating and a $46.00 price target for the company. Bank of America reduced their price target on Lamb Weston from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, BNP Paribas Exane reduced their price target on Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.82.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.