Wingate Wealth Advisors Inc. Acquires New Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Wingate Wealth Advisors Inc. acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 703 shares of the specialty retailer’s stock, valued at approximately $47,000.

Several other large investors have also recently modified their holdings of the business. Southpoint Capital Advisors LP acquired a new stake in Lamb Weston in the third quarter worth $129,480,000. Clarkston Capital Partners LLC grew its holdings in Lamb Weston by 108.7% in the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after purchasing an additional 1,618,570 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Lamb Weston during the third quarter valued at about $86,883,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Lamb Weston during the third quarter valued at about $38,382,000. Finally, State Street Corp grew its holdings in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after buying an additional 549,812 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Bank of America lifted their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays lowered their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $81.00.

Lamb Weston Trading Down 0.7 %

Shares of LW opened at $58.49 on Tuesday. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.46 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $107.50. The firm has a 50 day moving average price of $66.17 and a 200-day moving average price of $67.52.

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

Lamb Weston Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a dividend of $0.37 per share. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, January 31st. Lamb Weston’s dividend payout ratio is currently 58.50%.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert A. Niblock bought 3,000 shares of Lamb Weston 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 in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

Lamb Weston Company 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.