2,013 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Acquired by Successful Portfolios LLC

Successful Portfolios LLC bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, HoldingsChannel.com reports. The firm bought 2,013 shares of the specialty retailer’s stock, valued at approximately $218,000.

Several other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC raised its position in shares of Lamb Weston by 24.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock worth $54,000 after acquiring an additional 114 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in shares of Lamb Weston by 1.4% in the 2nd quarter. Cetera Advisor Networks LLC now owns 8,227 shares of the specialty retailer’s stock valued at $946,000 after buying an additional 116 shares during the period. Imprint Wealth LLC grew its stake in shares of Lamb Weston by 2.6% in the 2nd quarter. Imprint Wealth LLC now owns 4,729 shares of the specialty retailer’s stock valued at $544,000 after buying an additional 118 shares during the period. MML Investors Services LLC grew its stake in shares of Lamb Weston by 0.7% in the 1st quarter. MML Investors Services LLC now owns 16,823 shares of the specialty retailer’s stock valued at $1,758,000 after buying an additional 119 shares during the period. Finally, Horizon Investments LLC boosted its stake in Lamb Weston by 6.2% during the 2nd quarter. Horizon Investments LLC now owns 2,245 shares of the specialty retailer’s stock valued at $257,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports 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. Wells Fargo & Company initiated coverage on shares of Lamb Weston in a report on Tuesday, December 12th. They set an “overweight” rating and a $120.00 target price on the stock. Citigroup started coverage on shares of Lamb Weston in a report on Thursday, February 1st. They set a “buy” rating and a $132.00 target price on the stock. StockNews.com downgraded Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, BNP Paribas began coverage on Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.20.

Lamb Weston Trading Up 0.2 %

NYSE:LW traded up $0.23 during mid-day trading on Thursday, hitting $106.53. 1,392,997 shares of the stock traded hands, compared to its average volume of 1,582,329. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.19 and a beta of 0.72. The firm’s 50 day moving average is $103.31 and its two-hundred day moving average is $99.79. Lamb Weston Holdings, Inc. has a 52 week low of $81.25 and a 52 week high of $117.38.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.03. Lamb Weston had a net margin of 17.71% and a return on equity of 63.19%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The company’s revenue was up 35.6% compared to the same quarter last year. On average, equities research analysts predict that Lamb Weston Holdings, Inc. will post 5.97 earnings per share for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.35%. Lamb Weston’s payout ratio is 18.73%.

Lamb Weston Company 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.