Cetera Investment Advisers Grows Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Cetera Investment Advisers lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 298.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,361 shares of the specialty retailer's stock after acquiring an additional 14,508 shares during the quarter. Cetera Investment Advisers' holdings in Lamb Weston were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. WFA Asset Management Corp raised its position in shares of Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 174 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Lamb Weston in the 1st quarter valued at $28,000. Redmont Wealth Advisors LLC acquired a new position in shares of Lamb Weston during the 1st quarter valued at $32,000. Vima LLC bought a new position in Lamb Weston during the fourth quarter worth $50,000. Finally, Headlands Technologies LLC bought a new stake in Lamb Weston in the fourth quarter valued at $51,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 1.4 %

NYSE:LW traded up $0.82 on Tuesday, hitting $59.13. The stock had a trading volume of 2,283,897 shares, compared to its average volume of 2,575,760. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm's fifty day simple moving average is $75.66 and its two-hundred day simple moving average is $87.61. The stock has a market cap of $8.54 billion, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 5.65 and a beta of 0.74. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be paid a $0.36 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.44%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Insider Activity

In related news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Consumer Edge cut shares of Lamb Weston from an "overweight" rating to an "equal weight" rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Lamb Weston from $108.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, July 25th. Citigroup decreased their price target on shares of Lamb Weston from $106.00 to $104.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Barclays dropped their price objective on shares of Lamb Weston from $96.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, July 26th. Finally, The Goldman Sachs Group dropped their price target on shares of Lamb Weston from $132.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.70.

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.