6,333,538 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Capital Research Global Investors

Capital Research Global Investors purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,333,538 shares of the specialty retailer’s stock, valued at approximately $423,270,000. Capital Research Global Investors owned 4.44% of Lamb Weston as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LW. West Oak Capital LLC increased its holdings in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston in the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston in the fourth quarter worth $36,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Lamb Weston during the 4th quarter valued at $47,000. Finally, Advantage Trust Co purchased a new position in shares of Lamb Weston during the 4th quarter valued at $53,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $53.45 on Friday. The stock has a 50 day moving average price of $53.86 and a 200-day moving average price of $64.63. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.77%. Lamb Weston’s dividend payout ratio (DPR) is 58.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LW shares. StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. Barclays dropped their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.27.

About Lamb Weston

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.