5,494 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,494 shares of the specialty retailer's stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LW. Capital Research Global Investors purchased a new position in Lamb Weston during the fourth quarter worth about $423,270,000. Norges Bank purchased a new position in Lamb Weston during the fourth quarter worth about $96,736,000. JANA Partners Management LP boosted its holdings in Lamb Weston by 22.3% during the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after purchasing an additional 1,302,585 shares during the last quarter. Continental Grain Co. purchased a new position in Lamb Weston during the fourth quarter worth about $63,786,000. Finally, Boston Partners boosted its stake in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after acquiring an additional 735,901 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

NYSE LW opened at $51.63 on Friday. The company's 50 day moving average is $52.99 and its 200-day moving average is $61.87. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The firm has a market cap of $7.29 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last posted 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. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. Lamb Weston's revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.20 EPS. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LW. Barclays dropped their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday. Jefferies Financial Group dropped their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. StockNews.com upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company dropped their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.