Keystone Financial Services LLC Takes $623,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Keystone Financial Services LLC purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,327 shares of the specialty retailer's stock, valued at approximately $623,000. Lamb Weston comprises 0.6% of Keystone Financial Services LLC's investment portfolio, making the stock its 26th biggest position.

Several other hedge funds have also recently modified their holdings of the business. Capital Research Global Investors bought a new stake in shares of Lamb Weston in the fourth quarter worth $423,270,000. Norges Bank bought a new stake in shares of Lamb Weston in the fourth quarter worth $96,736,000. JANA Partners Management LP grew its holdings in shares of Lamb Weston by 22.3% in the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after acquiring an additional 1,302,585 shares during the period. Continental Grain Co. bought a new stake in shares of Lamb Weston in the fourth quarter worth $63,786,000. Finally, Boston Partners grew its holdings in shares of Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after acquiring an additional 735,901 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

Shares of NYSE:LW traded up $1.62 during mid-day trading on Friday, reaching $55.86. The stock had a trading volume of 2,842,768 shares, compared to its average volume of 2,658,933. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a market cap of $7.88 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $88.57. The business's 50 day moving average price is $53.13 and its 200 day moving average price is $59.89.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company's quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 2nd were given a dividend of $0.37 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.65%. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Analyst Upgrades and Downgrades

LW has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Wells Fargo & Company cut their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group cut their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays cut their price target on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Finally, Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of "Hold" and an average target price of $69.91.

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.