Cresset Asset Management LLC Has $874,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Cresset Asset Management LLC lowered its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,073 shares of the specialty retailer's stock after selling 7,148 shares during the period. Cresset Asset Management LLC's holdings in Lamb Weston were worth $874,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Crestline Management LP bought a new stake in shares of Lamb Weston in the 4th quarter worth approximately $9,549,000. Cetera Investment Advisers raised its stake in shares of Lamb Weston by 195.4% in the fourth quarter. Cetera Investment Advisers now owns 57,577 shares of the specialty retailer's stock worth $3,848,000 after buying an additional 38,086 shares during the period. BROOKFIELD Corp ON lifted its holdings in Lamb Weston by 214.5% during the fourth quarter. BROOKFIELD Corp ON now owns 519,000 shares of the specialty retailer's stock valued at $34,685,000 after purchasing an additional 354,000 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Lamb Weston by 6.5% during the fourth quarter. Captrust Financial Advisors now owns 9,656 shares of the specialty retailer's stock valued at $645,000 after purchasing an additional 592 shares in the last quarter. Finally, Banque de Luxembourg S.A. purchased a new position in Lamb Weston during the fourth quarter valued at approximately $86,000. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Up 3.9%

Shares of NYSE:LW traded up $2.02 during midday trading on Friday, hitting $53.81. 2,213,095 shares of the stock were exchanged, compared to its average volume of 2,657,694. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $89.51. The business's fifty day simple moving average is $53.03 and its two-hundred day simple moving average is $61.49. The company has a market capitalization of $7.59 billion, a PE ratio of 21.27, a P/E/G 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. 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 the consensus estimate of $1.50 billion. During the same period last year, the business posted $1.20 earnings per share. The firm's revenue was up 4.3% compared to the same quarter last year. As a group, research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share 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. Shareholders of record on Friday, May 2nd will be given 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 2.75%. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LW. Barclays cut their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Jefferies Financial Group decreased their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company cut their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.