Lamb Weston Holdings Inc. (LW) Position Reduced by Stifel Financial Corp
Stifel Financial Corp lowered its position in Lamb Weston Holdings Inc. (NYSE:LW) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,641 shares of the specialty retailer’s stock after selling 14,068 shares during the period. Stifel Financial Corp owned about 0.06% of Lamb Weston worth $4,152,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in LW. Janus Henderson Group PLC lifted its position in Lamb Weston by 33,787.6% in the second quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock valued at $117,856,000 after purchasing an additional 2,668,204 shares during the period. Conatus Capital Management LP acquired a new stake in shares of Lamb Weston during the 2nd quarter valued at approximately $41,925,000. Balyasny Asset Management LLC lifted its position in shares of Lamb Weston by 5,398.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 716,192 shares of the specialty retailer’s stock valued at $31,541,000 after acquiring an additional 703,167 shares during the period. Harris Associates L P acquired a new stake in shares of Lamb Weston during the 2nd quarter valued at approximately $30,823,000. Finally, Renaissance Technologies LLC lifted its position in shares of Lamb Weston by 596.0% during the 2nd quarter. Renaissance Technologies LLC now owns 569,300 shares of the specialty retailer’s stock valued at $25,072,000 after acquiring an additional 487,500 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Friday, October 6th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price target (up from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Finally, Jefferies Group reiterated a “buy” rating and set a $58.00 price target (up from $53.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.63.
Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. Lamb Weston had a net margin of 10.31% and a negative return on equity of 50.81%. The business had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. research analysts predict that Lamb Weston Holdings Inc. will post 2.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.35%. Lamb Weston’s dividend payout ratio (DPR) is 33.63%.
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Lamb Weston Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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