Mackenzie Financial Corp Has $324,000 Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Mackenzie Financial Corp lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 59.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,844 shares of the specialty retailer's stock after selling 7,173 shares during the period. Mackenzie Financial Corp's holdings in Lamb Weston were worth $324,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Lamb Weston during the fourth quarter valued at $820,000. Public Employees Retirement System of Ohio lifted its position in Lamb Weston by 27.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 66,724 shares of the specialty retailer's stock valued at $4,459,000 after purchasing an additional 14,467 shares during the last quarter. GTS Securities LLC boosted its stake in Lamb Weston by 150.2% during the 4th quarter. GTS Securities LLC now owns 14,092 shares of the specialty retailer's stock valued at $942,000 after purchasing an additional 42,152 shares during the period. Woodline Partners LP bought a new position in Lamb Weston in the 4th quarter worth about $12,482,000. Finally, Soviero Asset Management LP bought a new position in Lamb Weston in the 4th quarter worth about $3,342,000. Institutional investors own 89.56% of the company's stock.

Wall Street Analyst Weigh In

LW has been the subject of several analyst reports. Barclays reduced their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Jefferies Financial Group cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and an average price target of $69.91.

Lamb Weston Price Performance

Lamb Weston stock traded up $0.42 during midday trading on Friday, hitting $55.66. The company's stock had a trading volume of 1,067,805 shares, compared to its average volume of 2,644,248. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $88.25. 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 company has a market capitalization of $7.86 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The stock's 50-day moving average price is $53.25 and its 200-day moving average price is $59.26.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS 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 the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. Analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

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.