Stifel Financial Corp Cuts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Stifel Financial Corp trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,263 shares of the specialty retailer’s stock after selling 6,979 shares during the period. Stifel Financial Corp owned approximately 0.19% of Lamb Weston worth $17,626,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of Lamb Weston by 298.9% in the first quarter. Cetera Investment Advisers now owns 19,361 shares of the specialty retailer’s stock valued at $2,063,000 after acquiring an additional 14,508 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Lamb Weston by 17.7% in the 1st quarter. Cetera Advisors LLC now owns 6,605 shares of the specialty retailer’s stock valued at $704,000 after purchasing an additional 992 shares in the last quarter. GAMMA Investing LLC increased its position in Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the period. Simplicity Wealth LLC raised its stake in shares of Lamb Weston by 8.7% during the 2nd quarter. Simplicity Wealth LLC now owns 3,610 shares of the specialty retailer’s stock worth $304,000 after buying an additional 289 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Lamb Weston by 8.3% in the 2nd quarter. Czech National Bank now owns 27,515 shares of the specialty retailer’s stock valued at $2,313,000 after buying an additional 2,115 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LW. Bank of America upped their price objective on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. TD Cowen increased their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Wells Fargo & Company upped their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Barclays lifted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Stifel Nicolaus raised their price objective on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.50.

Lamb Weston Stock Performance

Lamb Weston stock opened at $78.02 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The stock has a fifty day moving average of $75.77 and a two-hundred day moving average of $73.19. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.39 and a beta of 0.70.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 earnings per share. On average, analysts anticipate 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 was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s dividend 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.