Tokio Marine Asset Management Co. Ltd. Grows Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,323 shares of the specialty retailer’s stock after purchasing an additional 1,322 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Lamb Weston were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Confluence Investment Management LLC purchased a new position in shares of Lamb Weston during the 2nd quarter valued at about $7,937,000. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston in the first quarter worth about $28,000. Susquehanna Fundamental Investments LLC acquired a new stake in Lamb Weston during the second quarter worth about $3,279,000. Bessemer Group Inc. raised its position in Lamb Weston by 219.0% during the first quarter. Bessemer Group Inc. now owns 15,817 shares of the specialty retailer’s stock valued at $1,686,000 after acquiring an additional 10,859 shares in the last quarter. Finally, Deltec Asset Management LLC lifted its holdings in Lamb Weston by 154.5% in the second quarter. Deltec Asset Management LLC now owns 72,540 shares of the specialty retailer’s stock valued at $6,099,000 after acquiring an additional 44,040 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LW has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Citigroup raised their target price on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group reduced their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $75.47 on Friday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 17.72, a PEG ratio of 1.43 and a beta of 0.72. The business has a 50 day simple moving average of $71.80 and a two-hundred day simple moving average of $74.21. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $1.63 EPS. The firm’s revenue was down .7% compared to the same quarter last year. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Lamb Weston’s payout ratio is presently 33.80%.

Lamb Weston 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.