Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,955 shares of the specialty retailer’s stock after acquiring an additional 3,448 shares during the quarter. Cibc World Markets Corp’s holdings in Lamb Weston were worth $3,739,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. First National Advisers LLC grew its stake in shares of Lamb Weston by 2.6% in the fourth quarter. First National Advisers LLC now owns 49,511 shares of the specialty retailer’s stock valued at $3,308,000 after buying an additional 1,252 shares in the last quarter. GWN Securities Inc. acquired a new stake in shares of Lamb Weston in the fourth quarter valued at $484,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of Lamb Weston by 323.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 55,940 shares of the specialty retailer’s stock valued at $3,738,000 after buying an additional 42,740 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Lamb Weston by 19.2% in the fourth quarter. Natixis Advisors LLC now owns 201,249 shares of the specialty retailer’s stock valued at $13,449,000 after buying an additional 32,400 shares in the last quarter. Finally, Ironwood Investment Counsel LLC acquired a new stake in shares of Lamb Weston in the fourth quarter valued at $224,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In related news, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Niblock acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Lamb Weston Stock Up 0.1 %

LW opened at $52.75 on Friday. The business’s 50-day simple moving average is $56.49 and its 200-day simple moving average is $66.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $107.50. The stock has a market capitalization of $7.52 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. Analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.81%. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent research reports. Barclays decreased their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $68.00 in a report on Friday, December 20th. Jefferies Financial Group lifted their target price on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a report on Thursday, December 12th. They issued a “hold” rating and a $81.00 target price for the company. Finally, StockNews.com upgraded Lamb Weston to a “sell” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.73.

Lamb Weston Company Profile

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.