Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by BROOKFIELD Corp ON

BROOKFIELD Corp ON raised its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 214.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 519,000 shares of the specialty retailer's stock after acquiring an additional 354,000 shares during the period. BROOKFIELD Corp ON owned approximately 0.36% of Lamb Weston worth $34,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors purchased a new stake in Lamb Weston in the fourth quarter valued at approximately $423,270,000. Norges Bank acquired a new position in Lamb Weston in the 4th quarter valued at about $96,736,000. JANA Partners Management LP lifted its position in shares of Lamb Weston by 22.3% during the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after purchasing an additional 1,302,585 shares in the last quarter. Continental Grain Co. purchased a new position in shares of Lamb Weston in the fourth quarter valued at approximately $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 valued at $232,330,000 after purchasing an additional 735,901 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. StockNews.com downgraded shares of Lamb Weston from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Jefferies Financial Group decreased their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Wells Fargo & Company dropped their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $70.64.

Lamb Weston Trading Down 0.4 %

Shares of Lamb Weston stock opened at $51.27 on Tuesday. The company's fifty day moving average is $53.03 and its two-hundred day moving average is $63.12. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market capitalization of $7.24 billion, a P/E ratio of 20.26, a PEG ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. Analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

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.

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