Dupont Capital Management Corp acquired a new stake in shares of Lamb Weston Holdings Inc (NYSE:LW) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 9,819 shares of the specialty retailer’s stock, valued at approximately $722,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc boosted its stake in Lamb Weston by 2.1% in the third quarter. Vanguard Group Inc now owns 13,940,423 shares of the specialty retailer’s stock valued at $928,433,000 after acquiring an additional 286,945 shares in the last quarter. Capital International Investors acquired a new stake in Lamb Weston in the third quarter valued at approximately $198,541,000. Franklin Resources Inc. boosted its stake in Lamb Weston by 12.5% in the third quarter. Franklin Resources Inc. now owns 1,890,309 shares of the specialty retailer’s stock valued at $125,872,000 after acquiring an additional 210,604 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Lamb Weston by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,668,212 shares of the specialty retailer’s stock valued at $111,104,000 after acquiring an additional 9,483 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Lamb Weston by 26.8% in the third quarter. Renaissance Technologies LLC now owns 1,504,500 shares of the specialty retailer’s stock valued at $100,200,000 after acquiring an additional 318,000 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Shares of Lamb Weston stock opened at $68.56 on Thursday. Lamb Weston Holdings Inc has a 1 year low of $53.29 and a 1 year high of $83.86. The firm has a market cap of $10.11 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 1.93 and a beta of -0.14.

Lamb Weston (NYSE:LW) last issued its earnings results on Friday, January 4th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Lamb Weston had a net margin of 13.13% and a negative return on equity of 160.25%. The firm had revenue of $911.40 million during the quarter, compared to analysts’ expectations of $897.08 million. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. As a group, analysts forecast that Lamb Weston Holdings Inc will post 3.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is 30.08%.

LW has been the subject of several research reports. ValuEngine upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Wednesday, October 24th. CL King downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Bank of America downgraded shares of Lamb Weston from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $85.00 in a research note on Thursday, November 15th. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Lamb Weston and gave the stock a “buy” rating in a research note on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $77.14.

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About Lamb Weston

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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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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