Advantage Trust Co Makes New $53,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Advantage Trust Co bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 800 shares of the specialty retailer’s stock, valued at approximately $53,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LW. State Street Corp boosted its stake in shares of Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lamb Weston by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after purchasing an additional 24,097 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after buying an additional 1,618,570 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Lamb Weston during the third quarter worth $129,480,000. Finally, Champlain Investment Partners LLC increased its holdings in shares of Lamb Weston by 31.6% during the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock worth $126,309,000 after buying an additional 468,190 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of LW opened at $55.76 on Friday. The stock has a market cap of $7.95 billion, a P/E ratio of 22.04, a P/E/G ratio of 1.41 and a beta of 0.72. The business’s fifty day moving average is $62.21 and its 200 day moving average is $67.39. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $107.50.

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

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a dividend of $0.37 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.65%. Lamb Weston’s payout ratio is presently 58.50%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LW. Jefferies Financial Group boosted their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Stifel Nicolaus dropped their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $81.00.

Insider Buying and Selling

In other news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles A. Blixt acquired 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, with a total value of $75,900.00. Following the purchase, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

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.