UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 846,652 shares of the specialty retailer’s stock after purchasing an additional 59,385 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of Lamb Weston worth $54,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. City State Bank lifted its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of 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 purchased a new position in shares of Lamb Weston in the 3rd quarter valued at about $29,000. GAMMA Investing LLC raised 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 acquiring an additional 220 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in Lamb Weston during the third quarter worth approximately $35,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LW. Stifel Nicolaus upped their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. Wells Fargo & Company raised 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. Citigroup boosted 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 lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Barclays raised their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and an average target price of $82.50.

Lamb Weston Stock Up 1.4 %

Shares of NYSE:LW opened at $79.41 on Wednesday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm’s 50-day simple moving average is $74.81 and its 200-day simple moving average is $73.47. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.40 and a beta of 0.70.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.63 EPS. As a group, equities research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

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.