WINTON GROUP Ltd Invests $776,000 in Lamb Weston $LW

WINTON GROUP Ltd purchased a new stake in shares of Lamb Weston (NYSE:LW) during the 4th quarter, Holdings Channel.com reports. The fund purchased 18,520 shares of the specialty retailer’s stock, valued at approximately $776,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arnhold LLC increased its holdings in Lamb Weston by 710.2% during the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after purchasing an additional 33,500 shares during the period. Capital Research Global Investors increased its holdings in Lamb Weston by 46.3% during the 3rd quarter. Capital Research Global Investors now owns 2,150,000 shares of the specialty retailer’s stock worth $124,872,000 after purchasing an additional 680,000 shares during the period. Dana Investment Advisors Inc. increased its holdings in Lamb Weston by 44.8% during the 4th quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock worth $3,770,000 after purchasing an additional 27,835 shares during the period. Natixis Advisors LLC increased its holdings in Lamb Weston by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 535,602 shares of the specialty retailer’s stock worth $31,108,000 after purchasing an additional 42,709 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Lamb Weston by 2,682.3% during the 4th quarter. SG Americas Securities LLC now owns 801,708 shares of the specialty retailer’s stock worth $33,584,000 after purchasing an additional 772,893 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Jana Partners Management, Lp acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average price of $43.19 per share, for a total transaction of $2,159,500.00. Following the acquisition, the director owned 5,398,980 shares in the company, valued at approximately $233,181,946.20. This trade represents a 0.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter J. Bensen acquired 5,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were acquired at an average price of $39.45 per share, with a total value of $197,250.00. Following the acquisition, the director owned 17,204 shares in the company, valued at approximately $678,697.80. The trade was a 40.97% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 391,000 shares of company stock valued at $16,270,790. Company insiders own 0.29% of the company’s stock.

Lamb Weston Stock Up 1.6%

Shares of NYSE LW opened at $44.23 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $6.11 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 5.80 and a beta of 0.47. The stock’s fifty day simple moving average is $42.63 and its two-hundred day simple moving average is $45.86. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $67.07.

Lamb Weston (NYSE:LW) last announced its earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.10 EPS. As a group, analysts expect that Lamb Weston will post 2.85 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, May 8th. Lamb Weston’s dividend payout ratio is currently 71.03%.

Analyst Ratings Changes

Several research firms have commented on LW. Wells Fargo & Company reduced their price objective on Lamb Weston from $54.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Barclays reduced their price objective on Lamb Weston from $55.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Zacks Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Stephens began coverage on Lamb Weston in a report on Wednesday, May 27th. They set an “equal weight” rating and a $46.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $47.82.

Lamb Weston Company Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.