2,105 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,105 shares of the specialty retailer’s stock, valued at approximately $141,000.

Several other institutional investors have also recently bought and sold shares of LW. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston during the 4th quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new stake in Lamb Weston during the 4th quarter worth $47,000. Advantage Trust Co acquired a new stake in Lamb Weston during the 4th quarter worth $53,000. Finally, Allworth Financial LP grew its holdings in Lamb Weston by 16.1% during the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after acquiring an additional 170 shares during the period. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $53.81 on Friday. The firm has a market cap of $7.59 billion, a PE ratio of 21.27, a PEG ratio of 1.40 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51. The company has a fifty day moving average price of $53.03 and a 200 day moving average price of $61.60.

Lamb Weston (NYSE:LW) last announced its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share 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 analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $1.20 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.75%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LW. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group decreased their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, April 11th. Barclays decreased their price target on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the company a “hold” rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company decreased their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.91.

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.