12,316 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Purchased by Siemens Fonds Invest GmbH

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

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Jefferies Financial Group decreased their target price 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. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Barclays reduced their price target 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Stock Performance

LW traded down $0.42 during trading hours on Friday, hitting $50.60. The stock had a trading volume of 528,114 shares, compared to its average volume of 2,476,549. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The company's fifty day simple moving average is $53.14 and its 200 day simple moving average is $61.02. The stock has a market cap of $7.14 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

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

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.93%. Lamb Weston's dividend 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.