IFM Investors Pty Ltd Increases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

IFM Investors Pty Ltd grew its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,684 shares of the specialty retailer’s stock after buying an additional 1,070 shares during the period. IFM Investors Pty Ltd’s holdings in Lamb Weston were worth $3,162,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. WFA Asset Management Corp boosted its stake in Lamb Weston by 248.6% in the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Lamb Weston in the 1st quarter worth approximately $32,000. VisionPoint Advisory Group LLC boosted its stake in shares of Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Lamb Weston by 8,040.0% during the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock valued at $432,000 after purchasing an additional 402 shares during the last quarter. Finally, Vima LLC purchased a new position in Lamb Weston in the 4th quarter worth $50,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

LW stock traded up $0.35 during trading on Friday, reaching $83.85. The stock had a trading volume of 2,462,698 shares, compared to its average volume of 4,422,213. The stock’s 50 day moving average is $95.51 and its two-hundred day moving average is $98.45. The firm has a market cap of $12.11 billion, a PE ratio of 11.19, a PEG ratio of 1.36 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company lowered their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Barclays decreased their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. StockNews.com downgraded Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Stifel Nicolaus dropped their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

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.