Calamos Advisors LLC reduced its position in Lamb Weston Holdings Inc (NYSE:LW) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,396 shares of the specialty retailer’s stock after selling 47,109 shares during the period. Calamos Advisors LLC owned 0.09% of Lamb Weston worth $11,304,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of LW. HM Payson & Co. bought a new position in Lamb Weston in the second quarter worth approximately $43,000. Quadrant Capital Group LLC grew its stake in Lamb Weston by 261.9% in the third quarter. Quadrant Capital Group LLC now owns 637 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 461 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Lamb Weston in the third quarter worth approximately $50,000. CSat Investment Advisory L.P. grew its stake in Lamb Weston by 103.2% in the second quarter. CSat Investment Advisory L.P. now owns 817 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 415 shares in the last quarter. Finally, CWM LLC grew its stake in Lamb Weston by 37.0% in the third quarter. CWM LLC now owns 874 shares of the specialty retailer’s stock worth $64,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.
Several research analysts recently issued reports on LW shares. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Monday, December 23rd. Jefferies Financial Group began coverage on Lamb Weston in a research report on Wednesday, January 22nd. They set a “hold” rating and a $96.00 target price on the stock. Barclays set a $83.00 target price on Lamb Weston and gave the company a “buy” rating in a research report on Friday, November 1st. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Monday, October 28th. Finally, ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $83.86.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, January 3rd. The specialty retailer reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $964.88 million. Lamb Weston had a return on equity of 869.30% and a net margin of 12.90%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. As a group, analysts anticipate that Lamb Weston Holdings Inc will post 3.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a $0.23 dividend. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, January 30th. This represents a $0.92 dividend on an annualized basis and a yield of 0.97%. Lamb Weston’s dividend payout ratio (DPR) is 28.57%.
In related news, CFO Robert Mcnutt sold 8,696 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $91.20, for a total value of $793,075.20. Following the completion of the transaction, the chief financial officer now owns 59,111 shares in the company, valued at approximately $5,390,923.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Jared Smith sold 5,500 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $91.22, for a total value of $501,710.00. The disclosure for this sale can be found here. Insiders sold a total of 23,668 shares of company stock valued at $2,164,789 in the last 90 days. 0.82% of the stock is currently owned by company insiders.
Lamb Weston Company Profile
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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