Evercore Wealth Management LLC grew its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 711,942 shares of the specialty retailer’s stock after purchasing an additional 1,008 shares during the quarter. Lamb Weston comprises about 1.5% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. Evercore Wealth Management LLC owned 0.49% of Lamb Weston worth $47,415,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC boosted its stake in Lamb Weston by 1,114.8% in the second quarter. Acadian Asset Management LLC now owns 1,810 shares of the specialty retailer’s stock worth $124,000 after purchasing an additional 1,661 shares in the last quarter. Fort L.P. acquired a new position in Lamb Weston in the second quarter worth $124,000. Honkamp Krueger Financial Services Inc. acquired a new position in Lamb Weston in the third quarter worth $158,000. Bredin Investment LLC acquired a new position in Lamb Weston in the second quarter worth $202,000. Finally, Financial Advocates Investment Management acquired a new position in Lamb Weston in the second quarter worth $200,000. 79.68% of the stock is currently owned by institutional investors.

LW has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Lamb Weston in a research note on Tuesday, October 2nd. CL King downgraded Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. ValuEngine downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. Zacks Investment Research downgraded Lamb Weston from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. Finally, Bank of America downgraded Lamb Weston from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $85.00 in a research report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $74.50.

LW stock opened at $75.49 on Thursday. The firm has a market cap of $11.06 billion, a PE ratio of 28.38, a PEG ratio of 2.14 and a beta of -0.56. Lamb Weston Holdings Inc has a twelve month low of $52.92 and a twelve month high of $83.86.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $914.90 million during the quarter, compared to the consensus estimate of $879.68 million. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, research analysts forecast that Lamb Weston Holdings Inc will post 2.99 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were given a dividend of $0.191 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. Lamb Weston’s payout ratio is currently 28.57%.

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Lamb Weston Company Profile

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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