Keeley Teton Advisors LLC Cuts Stake in Lamb Weston Holdings Inc. (LW)
Keeley Teton Advisors LLC lessened its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,675 shares of the specialty retailer’s stock after selling 4,590 shares during the period. Keeley Teton Advisors LLC owned about 0.10% of Lamb Weston worth $6,690,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in LW. Blair William & Co. IL grew its position in Lamb Weston by 0.3% during the second quarter. Blair William & Co. IL now owns 6,600 shares of the specialty retailer’s stock valued at $291,000 after purchasing an additional 21 shares in the last quarter. Bessemer Group Inc. raised its stake in Lamb Weston by 3.4% during the 2nd quarter. Bessemer Group Inc. now owns 4,462 shares of the specialty retailer’s stock valued at $197,000 after purchasing an additional 145 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Lamb Weston by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,069 shares of the specialty retailer’s stock valued at $487,000 after purchasing an additional 193 shares during the last quarter. Utah Retirement Systems raised its stake in Lamb Weston by 0.8% during the 2nd quarter. Utah Retirement Systems now owns 26,785 shares of the specialty retailer’s stock valued at $1,179,000 after purchasing an additional 200 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of Lamb Weston by 0.6% in the 2nd quarter. Aviva PLC now owns 90,614 shares of the specialty retailer’s stock valued at $3,992,000 after buying an additional 530 shares in the last quarter. 79.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lamb Weston Holdings Inc. (NYSE LW) remained flat at $$54.45 during trading hours on Thursday. 559,600 shares of the company traded hands, compared to its average volume of 983,503. The firm has a market capitalization of $7,960.43 and a price-to-earnings ratio of 23.67. The company has a debt-to-equity ratio of -4.10, a quick ratio of 0.67 and a current ratio of 1.62. Lamb Weston Holdings Inc. has a 52-week low of $34.00 and a 52-week high of $55.16.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $817.50 million for the quarter, compared to the consensus estimate of $795.61 million. Lamb Weston had a net margin of 10.31% and a negative return on equity of 50.81%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. analysts forecast that Lamb Weston Holdings Inc. will post 2.36 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 3rd were given a $0.1875 dividend. 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 1.38%. Lamb Weston’s dividend payout ratio is 33.63%.
LW has been the topic of several analyst reports. Bank of America upped their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday, October 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $50.00 target price (up previously from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $58.00 target price (up previously from $53.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Three investment 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 stock. The stock has an average rating of “Buy” and a consensus price target of $50.63.
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About Lamb Weston
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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