FNY Investment Advisers LLC Acquires 1,895 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

FNY Investment Advisers LLC increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 143.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,220 shares of the specialty retailer’s stock after acquiring an additional 1,895 shares during the period. FNY Investment Advisers LLC’s holdings in Lamb Weston were worth $215,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. City State Bank boosted its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Lamb Weston during the third quarter valued at about $29,000. West Oak Capital LLC lifted its position in shares of Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares in the last quarter. Riverview Trust Co purchased a new position in Lamb Weston during the third quarter worth about $35,000. Finally, CVA Family Office LLC grew its position in Lamb Weston by 143.8% in the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock worth $37,000 after purchasing an additional 338 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling

In other news, Director Charles A. Blixt bought 1,200 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were purchased at an average price 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 approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Lamb Weston Price Performance

NYSE LW opened at $59.74 on Wednesday. The company has a market cap of $8.52 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.42 and a beta of 0.73. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm’s 50-day simple moving average is $72.55 and its two-hundred day simple moving average is $69.81. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $110.61.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. Research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.48%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s payout ratio is presently 58.50%.

Analyst Ratings Changes

LW has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein began coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, Barclays reduced their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston has an average rating of “Hold” and an average target price of $81.00.

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.