First National Advisers LLC Purchases 17,474 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

First National Advisers LLC raised its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 112.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,020 shares of the specialty retailer's stock after acquiring an additional 17,474 shares during the quarter. Lamb Weston comprises approximately 1.0% of First National Advisers LLC's portfolio, making the stock its 19th biggest holding. First National Advisers LLC's holdings in Lamb Weston were worth $3,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. VisionPoint Advisory Group LLC increased its holdings in Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock worth $28,000 after acquiring an additional 161 shares during the period. Headlands Technologies LLC bought a new stake in Lamb Weston during the fourth quarter valued at $51,000. Benjamin F. Edwards & Company Inc. grew its position in Lamb Weston by 864.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer's stock worth $52,000 after buying an additional 432 shares in the last quarter. Covestor Ltd increased its stake in Lamb Weston by 300.6% in the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer's stock worth $120,000 after acquiring an additional 971 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. raised its holdings in shares of Lamb Weston by 537.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer's stock valued at $123,000 after acquiring an additional 956 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LW. BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They issued an "outperform" rating and a $128.00 price objective for the company. Wells Fargo & Company decreased their target price on shares of Lamb Weston from $128.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus cut their price target on shares of Lamb Weston from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Citigroup decreased their price objective on Lamb Weston from $132.00 to $106.00 and set a "buy" rating on the stock in a report on Monday, April 8th. Finally, Bank of America reduced their price target on 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 investment analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $117.40.

Lamb Weston Stock Down 0.2 %

Shares of NYSE LW traded down $0.19 during trading on Friday, reaching $86.77. The company had a trading volume of 1,219,909 shares, compared to its average volume of 1,986,061. The business's 50-day moving average is $90.38 and its 200 day moving average is $98.17. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The stock has a market cap of $12.53 billion, a PE ratio of 11.58, a P/E/G ratio of 1.41 and a beta of 0.79. Lamb Weston Holdings, Inc. has a 12-month low of $77.41 and a 12-month high of $117.38.

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 for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston's revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston's dividend payout ratio is currently 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.