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

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

Several other hedge funds also recently made changes to their positions in the business. Stonebridge Financial Group LLC bought a new position in Lamb Weston in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in Lamb Weston in the fourth quarter valued at $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Lamb Weston during the 4th quarter worth about $47,000. Advantage Trust Co acquired a new stake in Lamb Weston in the 4th quarter valued at about $53,000. Finally, Allworth Financial LP grew its holdings in Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after purchasing an additional 170 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Price Performance

LW traded down $1.74 during trading on Wednesday, hitting $52.17. 281,414 shares of the stock traded hands, compared to its average volume of 2,493,322. The business has a 50 day moving average price of $53.18 and a 200 day moving average price of $61.27. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business's revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid 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 2.84%. Lamb Weston's payout ratio is presently 58.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group cut their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Barclays cut their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Finally, StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Lamb Weston has a consensus 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.