Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 657,296 shares of the specialty retailer's stock after purchasing an additional 17,498 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of Lamb Weston worth $71,047,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Lamb Weston by 28.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer's stock worth $9,665,000 after acquiring an additional 23,085 shares during the period. Mutual of America Capital Management LLC raised its stake in Lamb Weston by 84.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer's stock worth $4,091,000 after buying an additional 17,344 shares during the last quarter. Lmcg Investments LLC lifted its stake in shares of Lamb Weston by 2.2% in the 3rd quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer's stock valued at $1,289,000 after purchasing an additional 304 shares during the period. Wakefield Asset Management LLLP bought a new position in shares of Lamb Weston during the 4th quarter worth approximately $3,302,000. Finally, Ingalls & Snyder LLC acquired a new stake in Lamb Weston in the fourth quarter worth $210,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company decreased their price objective on Lamb Weston from $128.00 to $98.00 and set an "overweight" rating for the company 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 for the company in a research note on Monday, April 8th. 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 for the company. Stifel Nicolaus lowered their price objective on Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Finally, StockNews.com cut shares of Lamb Weston from a "hold" rating to a "sell" rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $117.40.

Lamb Weston Stock Down 1.2 %

Shares of LW traded down $1.02 during mid-day trading on Thursday, reaching $83.50. The company had a trading volume of 2,079,327 shares, compared to its average volume of 2,312,265. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The firm has a 50-day moving average price of $96.26 and a 200 day moving average price of $98.62. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results 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). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Lamb Weston's quarterly revenue was up 16.3% on a year-over-year basis. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current 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. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.72%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

About Lamb Weston

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.