DNB Asset Management AS lifted its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,768 shares of the specialty retailer’s stock after purchasing an additional 766 shares during the quarter. DNB Asset Management AS’s holdings in Lamb Weston were worth $1,365,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LW. Kavar Capital Partners LLC purchased a new position in Lamb Weston during the second quarter worth about $25,000. TRUE Private Wealth Advisors purchased a new position in shares of Lamb Weston in the 2nd quarter worth about $28,000. Gradient Investments LLC purchased a new position in shares of Lamb Weston in the 2nd quarter worth about $32,000. Coastal Investment Advisors Inc. boosted its holdings in shares of Lamb Weston by 4,046.2% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 539 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 526 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Lamb Weston in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

A number of equities analysts have recently issued reports on LW shares. Zacks Investment Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective for the company in a report on Friday, July 26th. TheStreet upgraded Lamb Weston from a “d+” rating to a “c+” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.71.

Shares of LW stock opened at $76.97 on Monday. The stock has a market capitalization of $11.25 billion, a PE ratio of 23.90, a P/E/G ratio of 2.91 and a beta of 0.17. Lamb Weston Holdings Inc has a 1-year low of $58.83 and a 1-year high of $83.86. The business has a 50-day moving average of $73.72 and a 200 day moving average of $68.05. The company has a debt-to-equity ratio of 23.94, a current ratio of 1.68 and a quick ratio of 0.81.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The company had revenue of $989.00 million during the quarter, compared to analysts’ expectations of $971.45 million. Lamb Weston had a negative return on equity of 1,426.55% and a net margin of 12.44%. Lamb Weston’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Analysts anticipate that Lamb Weston Holdings Inc will post 3.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, October 31st. Lamb Weston’s dividend payout ratio is presently 24.84%.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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