Cetera Investment Advisers Increases Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Cetera Investment Advisers boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 195.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 57,577 shares of the specialty retailer's stock after acquiring an additional 38,086 shares during the quarter. Cetera Investment Advisers' holdings in Lamb Weston were worth $3,848,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp acquired a new stake in Lamb Weston during the fourth quarter valued at $2,641,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Lamb Weston during the 4th quarter worth about $2,850,000. Leeward Investments LLC MA grew its position in shares of Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after acquiring an additional 45,904 shares during the period. HB Wealth Management LLC increased its stake in shares of Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after purchasing an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE LW traded up $0.57 during trading hours on Tuesday, hitting $54.12. 642,297 shares of the company's stock traded hands, compared to its average volume of 2,504,989. The company has a market capitalization of $7.64 billion, a PE ratio of 21.28, a PEG ratio of 1.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $89.51. The firm's 50-day moving average is $53.08 and its 200-day moving average is $61.33.

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

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.73%. Lamb Weston's payout ratio is 58.04%.

Analyst Ratings Changes

LW has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. 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. Jefferies Financial Group reduced 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. StockNews.com upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and a consensus target price 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.