Siemens Fonds Invest GmbH Invests $823,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Siemens Fonds Invest GmbH acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,316 shares of the specialty retailer's stock, valued at approximately $823,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Lamb Weston by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after acquiring an additional 58,066 shares in the last quarter. JANA Partners Management LP lifted 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 valued at $476,587,000 after purchasing an additional 1,302,585 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Lamb Weston in the fourth quarter valued at $423,270,000. Boston Partners lifted 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 valued at $232,330,000 after purchasing an additional 735,901 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lamb Weston by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock valued at $229,065,000 after purchasing an additional 48,548 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Up 3.0%

NYSE LW traded up $1.62 during trading on Friday, hitting $55.86. 2,842,768 shares of the company traded hands, compared to its average volume of 2,656,540. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $88.57. The business has a fifty day simple moving average of $53.13 and a 200 day simple moving average of $59.75. 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 capitalization of $7.88 billion, a P/E ratio of 22.08, a PEG ratio of 1.40 and a beta of 0.46.

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, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $1.20 earnings per share. The business's revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

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

Analyst Upgrades and Downgrades

LW has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lamb Weston has an average rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Company 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.