Fifth Third Bancorp Has $622,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Fifth Third Bancorp boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,306 shares of the specialty retailer’s stock after purchasing an additional 564 shares during the period. Fifth Third Bancorp’s holdings in Lamb Weston were worth $622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. City State Bank increased its stake in shares of Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Lamb Weston in the third quarter worth about $29,000. West Oak Capital LLC raised its stake in shares of Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 274 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Lamb Weston during the third quarter worth approximately $35,000. Finally, CVA Family Office LLC grew its stake in shares of Lamb Weston by 143.8% during the third quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 338 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction on 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert A. Niblock acquired 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was 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 insiders.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $61.59 on Friday. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $107.50. 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 company has a market capitalization of $8.78 billion, a PE ratio of 24.34, a PEG ratio of 1.49 and a beta of 0.73. The stock’s fifty day simple moving average is $68.25 and its 200 day simple moving average is $68.30.

Lamb Weston (NYSE:LW) last released its quarterly earnings data 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). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm earned $1.45 EPS. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current year.

Lamb Weston Increases Dividend

The business 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 dividend of $0.37 per share. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.40%. Lamb Weston’s dividend payout ratio is currently 56.92%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays reduced their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $68.00 in a report on Friday, December 20th. Wells Fargo & Company boosted their price objective on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Stifel Nicolaus reduced their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, Jefferies Financial Group boosted their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $81.00.

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.