Investment Management Corp of Ontario Grows Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Investment Management Corp of Ontario increased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 50.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,793 shares of the specialty retailer’s stock after purchasing an additional 1,600 shares during the quarter. Investment Management Corp of Ontario’s holdings in Lamb Weston were worth $310,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its holdings in shares of Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the last quarter. GAMMA Investing LLC lifted its position in Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. City State Bank grew its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Lamb Weston in the 2nd quarter worth about $36,000. Finally, Blue Trust Inc. raised its position in shares of Lamb Weston by 251.6% during the 2nd quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 312 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on LW. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Citigroup upped their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price for the company. TD Cowen increased their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus upped their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $82.50.

Lamb Weston Stock Down 0.2 %

Shares of LW opened at $77.53 on Monday. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The firm has a market cap of $11.06 billion, a P/E ratio of 18.20, a PEG ratio of 1.39 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The stock’s 50 day moving average is $75.50 and its two-hundred day moving average is $73.26.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

Lamb Weston 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.