Mutual of America Capital Management LLC Raises Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Mutual of America Capital Management LLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 157.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 111,558 shares of the specialty retailer’s stock after purchasing an additional 68,207 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lamb Weston were worth $7,455,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. West Oak Capital LLC grew its holdings in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston during the 4th quarter worth about $35,000. Kennebec Savings Bank purchased a new stake in shares of Lamb Weston during the 3rd quarter worth about $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Lamb Weston during the 3rd quarter worth about $39,000. Finally, Brooklyn Investment Group acquired a new position in Lamb Weston during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on LW shares. JPMorgan Chase & Co. boosted their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Jefferies Financial Group boosted their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Sanford C. Bernstein started coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $81.00.

Lamb Weston Stock Performance

Shares of LW opened at $51.87 on Monday. The business’s 50 day moving average is $60.05 and its two-hundred day moving average is $67.21. Lamb Weston Holdings, Inc. has a 52-week low of $50.28 and a 52-week high of $107.50. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.40 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

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

Lamb Weston Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were given 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 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, January 31st. Lamb Weston’s dividend payout ratio is currently 58.50%.

Insider Activity at Lamb Weston

In related news, Director Charles A. Blixt acquired 1,200 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert A. Niblock acquired 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were bought 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 $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. Corporate insiders own 0.72% of the company’s stock.

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.