Daiwa Securities Group Inc. Buys 668 Shares of Lamb Weston Holdings, Inc. (NYSE:LW) – Beragampengetahuan

Daiwa Securities Group Inc. increased its stake in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 5.8% during the third quarter, Holdings Channel reports. The firm owned 12,141 shares of the specialty retailer’s stock after acquiring an additional 668 shares during the period. Daiwa Securities Group Inc.’s holdings in Lamb Weston were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its stake in Lamb Weston by 4.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,156 shares of the specialty retailer’s stock valued at $248,000 after buying an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Lamb Weston by 3.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,949 shares of the specialty retailer’s stock valued at $339,000 after buying an additional 101 shares in the last quarter. Mezzasalma Advisors LLC boosted its stake in shares of Lamb Weston by 0.5% during the second quarter. Mezzasalma Advisors LLC now owns 22,014 shares of the specialty retailer’s stock valued at $2,530,000 after purchasing an additional 112 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Lamb Weston by 3.7% during the second quarter. Ballentine Partners LLC now owns 3,205 shares of the specialty retailer’s stock valued at $368,000 after purchasing an additional 113 shares in the last quarter. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of Lamb Weston by 24.4% during the third quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 85.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LW. Stifel Nicolaus lifted their price target on Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, January 5th. StockNews.com lowered Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. JPMorgan Chase & Co. cut their price target on Lamb Weston from $129.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, October 6th. Wells Fargo & Company assumed coverage on Lamb Weston in a research report on Tuesday, December 12th. They set an “overweight” rating and a $120.00 price objective for the company. Finally, Jefferies Financial Group raised their price objective on Lamb Weston from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and a consensus target price of $126.50.

View Our Latest Stock Analysis on Lamb Weston

Lamb Weston Trading Down 0.1 %

Shares of LW stock opened at $109.56 on Wednesday. The company has a market cap of $15.82 billion, a P/E ratio of 14.25, a PEG ratio of 1.24 and a beta of 0.69. Lamb Weston Holdings, Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $117.38. The stock has a 50 day simple moving average of $103.59 and a two-hundred day simple moving average of $99.52. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.57 and a current ratio of 1.29.

Lamb Weston (NYSE:LW – Get Free Report) last released its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $1.45 EPS for the quarter, beating the consensus estimate of $1.42 by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a return on equity of 63.19% and a net margin of 17.71%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. Research analysts forecast that Lamb Weston Holdings, Inc. will post 5.94 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 2nd will be given a dividend of $0.36 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.31%. Lamb Weston’s payout ratio is presently 14.56%.

Lamb Weston declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 11th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Lamb Weston

(Free Report)

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.

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