Brendel Financial Advisors LLC Takes $1.81 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Brendel Financial Advisors LLC purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,726 shares of the specialty retailer's stock, valued at approximately $1,808,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LW. Assenagon Asset Management S.A. grew its stake in Lamb Weston by 406.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer's stock valued at $86,407,000 after buying an additional 750,033 shares during the last quarter. Duquesne Family Office LLC grew its stake in Lamb Weston by 75.1% in the 4th quarter. Duquesne Family Office LLC now owns 1,657,875 shares of the specialty retailer's stock valued at $148,148,000 after buying an additional 711,075 shares during the last quarter. Imprint Wealth LLC grew its stake in Lamb Weston by 11,689.2% in the 2nd quarter. Imprint Wealth LLC now owns 543,599 shares of the specialty retailer's stock valued at $54,360,000 after buying an additional 538,988 shares during the last quarter. Norges Bank acquired a new position in Lamb Weston in the 4th quarter valued at $47,708,000. Finally, Nuveen Asset Management LLC grew its stake in Lamb Weston by 71.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,115,126 shares of the specialty retailer's stock valued at $128,184,000 after buying an additional 466,466 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LW shares. Barclays decreased their price target on shares of Lamb Weston from $125.00 to $105.00 and set an "overweight" rating on the stock in a research report on Monday, April 8th. Stifel Nicolaus decreased their price target on shares of Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. StockNews.com lowered shares of Lamb Weston from a "hold" rating to a "sell" rating in a research report on Friday, January 5th. BNP Paribas started coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued an "outperform" rating and a $128.00 price target on the stock. Finally, Bank of America decreased their price target on shares of Lamb Weston from $138.00 to $113.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.40.

Lamb Weston Price Performance

LW stock traded up $0.71 during trading on Friday, hitting $81.00. 2,441,843 shares of the stock traded hands, compared to its average volume of 4,330,517. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 1.32 and a beta of 0.72. The company has a 50 day simple moving average of $97.40 and a 200 day simple moving average of $98.84. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business earned $1.43 earnings per share. The company's revenue for the quarter was up 16.3% on a year-over-year basis. Equities analysts expect that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, May 2nd. Lamb Weston's dividend payout ratio is presently 19.23%.

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.