Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 97.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,903 shares of the specialty retailer's stock after acquiring an additional 246,622 shares during the quarter. Jennison Associates LLC owned about 0.35% of Lamb Weston worth $53,926,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brendel Financial Advisors LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at about $1,808,000. Hussman Strategic Advisors Inc. boosted its holdings in Lamb Weston by 33.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the specialty retailer's stock valued at $4,540,000 after purchasing an additional 10,500 shares during the last quarter. CWM LLC boosted its holdings in Lamb Weston by 629.2% in the fourth quarter. CWM LLC now owns 31,741 shares of the specialty retailer's stock valued at $3,431,000 after purchasing an additional 27,388 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Lamb Weston by 2.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,248 shares of the specialty retailer's stock valued at $1,432,000 after purchasing an additional 348 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Lamb Weston by 22.0% in the fourth quarter. Signaturefd LLC now owns 1,665 shares of the specialty retailer's stock valued at $180,000 after purchasing an additional 300 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LW has been the topic of a number of research analyst reports. BNP Paribas initiated coverage on Lamb Weston in a report on Monday, March 11th. They set an "outperform" rating and a $128.00 target price on the stock. Stifel Nicolaus cut their price target on Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Barclays cut their price target on Lamb Weston from $125.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday, April 8th. Bank of America cut their price target on Lamb Weston from $138.00 to $113.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Finally, Wells Fargo & Company cut their price target on Lamb Weston from $128.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.40.

Lamb Weston Stock Performance

LW traded up $0.80 on Wednesday, hitting $84.52. 2,589,413 shares of the stock traded hands, compared to its average volume of 2,315,212. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week 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 firm has a market capitalization of $12.20 billion, a PE ratio of 11.28, a P/E/G ratio of 1.34 and a beta of 0.72. The business has a fifty day moving average price of $96.26 and a two-hundred day moving average price of $98.62.

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

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Thursday, May 2nd. Lamb Weston's payout ratio is currently 19.23%.

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.