Tweedy Browne Co LLC Takes $358,000 Position in Lamb Weston $LW

Key Points

• Tweedy Browne Co LLC has taken a new position in Lamb Weston, acquiring 6,907 shares valued at approximately $358,000 during the second quarter.
• Lamb Weston recently announced a quarterly dividend of $0.37 per share, translating to an annualized yield of 2.3%, with the payment date set for November 28th.
• Analysts have mixed views on Lamb Weston, with a consensus rating of "Hold" and an average price target of $65.70 as various brokerages adjust their projections.

Tweedy Browne Co LLC acquired a new stake in Lamb Weston (NYSE:LW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,907 shares of the specialty retailer's stock, valued at approximately $358,000.

Several other large investors also recently made changes to their positions in the stock. ST Germain D J Co. Inc. lifted its holdings in shares of Lamb Weston by 64.2% during the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer's stock worth $28,000 after buying an additional 210 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Lamb Weston by 2.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock worth $585,000 after buying an additional 219 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Lamb Weston by 4.0% in the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock worth $319,000 after purchasing an additional 230 shares during the period. CX Institutional increased its position in shares of Lamb Weston by 28.7% in the second quarter. CX Institutional now owns 1,165 shares of the specialty retailer's stock worth $60,000 after purchasing an additional 260 shares during the period. Finally, IFP Advisors Inc increased its position in shares of Lamb Weston by 14.5% in the second quarter. IFP Advisors Inc now owns 2,138 shares of the specialty retailer's stock worth $111,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Performance

Lamb Weston stock opened at $64.97 on Friday. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05. The business's 50-day moving average price is $57.55 and its two-hundred day moving average price is $54.88. The stock has a market cap of $9.05 billion, a PE ratio of 31.09, a P/E/G ratio of 4.32 and a beta of 0.52.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The firm had revenue of $1.15 billion for the quarter. As a group, analysts expect that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston's payout ratio is currently 70.81%.

Analyst Ratings Changes

A number of brokerages recently commented on LW. Deutsche Bank Aktiengesellschaft raised their price target on Lamb Weston from $59.00 to $61.00 and gave the stock a "hold" rating in a research report on Wednesday, October 1st. Cowen restated a "hold" rating on shares of Lamb Weston in a research report on Wednesday, October 1st. JPMorgan Chase & Co. began coverage on Lamb Weston in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price target on the stock. Wells Fargo & Company raised their price target on Lamb Weston from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 price target on Lamb Weston in a research report on Wednesday, October 1st. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and an average target price of $65.70.

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.

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