Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 56.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,933 shares of the specialty retailer's stock after buying an additional 14,417 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Lamb Weston were worth $4,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC raised its stake in Lamb Weston by 24.4% during the third quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer's stock worth $54,000 after purchasing an additional 114 shares during the period. IFP Advisors Inc increased its position in shares of Lamb Weston by 4.9% during the third quarter. IFP Advisors Inc now owns 3,110 shares of the specialty retailer's stock valued at $288,000 after acquiring an additional 146 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 161 shares during the last quarter. Purus Wealth Management LLC increased its position in shares of Lamb Weston by 4.0% during the third quarter. Purus Wealth Management LLC now owns 4,241 shares of the specialty retailer's stock valued at $392,000 after acquiring an additional 162 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Lamb Weston by 17.6% during the third quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer's stock valued at $100,000 after acquiring an additional 162 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Up 1.4 %

NYSE:LW traded up $1.12 during trading hours on Monday, hitting $82.12. The stock had a trading volume of 1,949,519 shares, compared to its average volume of 2,308,859. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The company has a market cap of $11.86 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The business has a 50 day simple moving average of $97.40 and a two-hundred day simple moving average of $98.90.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.75%. Lamb Weston's dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

LW has been the subject of several analyst reports. BNP Paribas initiated coverage on shares of Lamb Weston in a report on Monday, March 11th. They set an "outperform" rating and a $128.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 5th. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a "buy" rating for the company in a research report on Monday, April 8th. Barclays reduced their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an "overweight" rating for the company in a research report on Monday, April 8th. Finally, Bank of America reduced their price target on shares of Lamb Weston from $138.00 to $113.00 and set a "buy" rating for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, Lamb Weston has a consensus rating of "Moderate Buy" and an average price target of $117.40.

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.