Money Concepts Capital Corp Buys 1,582 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Money Concepts Capital Corp boosted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 19.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,565 shares of the specialty retailer’s stock after purchasing an additional 1,582 shares during the quarter. Money Concepts Capital Corp’s holdings in Lamb Weston were worth $639,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. City State Bank boosted its holdings in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after acquiring an additional 156 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after acquiring an additional 181 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 186 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Lamb Weston by 4.6% in the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock worth $297,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.7 %

Shares of LW stock opened at $59.46 on Friday. The stock has a 50 day moving average of $66.88 and a 200 day moving average of $67.71. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock has a market cap of $8.48 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.47 and a beta of 0.72. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $107.50.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.49%. Lamb Weston’s payout ratio is 58.50%.

Insider Activity

In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LW. JPMorgan Chase & Co. lifted their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group lifted their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price for the company. Finally, Bank of America lifted their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and an average target price of $81.00.

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.