Brookfield Corp ON Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Brookfield Corp ON bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 165,000 shares of the specialty retailer’s stock, valued at approximately $10,682,000. Brookfield Corp ON owned approximately 0.12% of Lamb Weston at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. City State Bank boosted its stake in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in shares of Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after buying an additional 156 shares in the last quarter. Bridges Investment Management Inc. raised its position in Lamb Weston by 2.8% during the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after buying an additional 181 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Lamb Weston by 1.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after acquiring an additional 188 shares during the period. Finally, Fulton Bank N.A. grew its stake in Lamb Weston by 4.6% during the 3rd quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. TD Cowen raised their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Barclays boosted their price target on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday. They set a “market perform” rating and a $85.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.50.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $77.50 on Friday. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The company has a market cap of $11.05 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.39 and a beta of 0.70. The business’s 50 day moving average is $75.50 and its two-hundred day moving average is $73.46.

Lamb Weston (NYSE:LW) last released its earnings results 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 net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company earned $1.63 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were issued a $0.36 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.86%. Lamb Weston’s dividend payout ratio (DPR) is 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.