Susquehanna Fundamental Investments LLC Makes New $3.28 Million Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 39,000 shares of the specialty retailer’s stock, valued at approximately $3,279,000.

A number of other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp grew its position in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Lamb Weston in the 1st quarter worth $28,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lamb Weston in the first quarter worth $32,000. Crewe Advisors LLC increased its position in Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 261 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.5 %

Lamb Weston stock opened at $66.80 on Monday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm’s 50 day moving average price is $62.18 and its 200-day moving average price is $78.18. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. The stock has a market cap of $9.65 billion, a P/E ratio of 8.92, a PEG ratio of 6.18 and a beta of 0.75.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, November 1st. Lamb Weston’s payout ratio is 19.23%.

Insiders Place Their Bets

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares in the company, valued at approximately $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. TD Cowen lifted their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Wells Fargo & Company decreased their target price on Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Barclays lowered their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has an average rating of “Moderate Buy” and a consensus price target of $80.70.

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.