Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,351 shares of the specialty retailer’s stock after purchasing an additional 2,706 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lamb Weston were worth $2,807,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LW. City State Bank grew its position in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Lamb Weston during the 1st quarter worth approximately $28,000. Crewe Advisors LLC grew its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 261 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston in the 3rd quarter valued at $29,000. Finally, GAMMA Investing LLC lifted its position in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.2 %

LW stock opened at $76.92 on Friday. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The company has a fifty day moving average price of $73.11 and a 200 day moving average price of $74.01. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $1.63 EPS. The company’s revenue was down .7% on a year-over-year basis. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

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 given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.87%. Lamb Weston’s payout ratio is currently 33.80%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LW. Citigroup increased their target price on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Bank of America boosted their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Stifel Nicolaus increased their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $82.22.

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.