Public Employees Retirement System of Ohio Cuts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Public Employees Retirement System of Ohio trimmed its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,257 shares of the specialty retailer’s stock after selling 2,603 shares during the period. Public Employees Retirement System of Ohio’s holdings in Lamb Weston were worth $3,383,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Lamb Weston by 34.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,010 shares of the specialty retailer’s stock worth $589,000 after purchasing an additional 1,786 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock worth $37,000 after buying an additional 312 shares in the last quarter. Raymond James & Associates boosted its position in Lamb Weston by 237.1% during the second quarter. Raymond James & Associates now owns 185,444 shares of the specialty retailer’s stock worth $15,592,000 after acquiring an additional 130,428 shares during the last quarter. Krilogy Financial LLC purchased a new stake in Lamb Weston during the 2nd quarter valued at about $1,221,000. Finally, Fifth Third Bancorp raised its holdings in Lamb Weston by 86.2% in the 2nd quarter. Fifth Third Bancorp now owns 5,946 shares of the specialty retailer’s stock valued at $500,000 after acquiring an additional 2,753 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LW. Stifel Nicolaus upped their price target on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday. TD Cowen boosted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $83.27.

Lamb Weston Stock Up 3.7 %

Shares of NYSE LW opened at $82.23 on Tuesday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The business’s 50 day moving average is $76.48 and its two-hundred day moving average is $72.85. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 1.34 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

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

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 33.80%.

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.