Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 15.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 87,682 shares of the specialty retailer’s stock after buying an additional 11,553 shares during the period. Pictet Asset Management Holding SA’s holdings in Lamb Weston were worth $5,860,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in Lamb Weston by 33.5% in the third quarter. The Manufacturers Life Insurance Company now owns 125,014 shares of the specialty retailer’s stock worth $8,093,000 after buying an additional 31,363 shares during the period. Public Sector Pension Investment Board boosted its stake in Lamb Weston by 10.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,177 shares of the specialty retailer’s stock valued at $400,000 after purchasing an additional 600 shares during the period. Captrust Financial Advisors grew its position in Lamb Weston by 10.1% in the 3rd quarter. Captrust Financial Advisors now owns 9,064 shares of the specialty retailer’s stock worth $587,000 after purchasing an additional 835 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Lamb Weston during the third quarter valued at approximately $282,000. Finally, Janus Henderson Group PLC grew its holdings in Lamb Weston by 9.6% in the 3rd quarter. Janus Henderson Group PLC now owns 322,856 shares of the specialty retailer’s stock worth $20,901,000 after buying an additional 28,284 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is owned by insiders.

Lamb Weston Stock Up 9.9 %

Shares of NYSE:LW opened at $59.50 on Friday. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market cap of $8.49 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The firm has a 50 day simple moving average of $55.25 and a 200 day simple moving average of $65.60.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.49%. Lamb Weston’s dividend payout ratio is 58.50%.

Analysts Set New Price Targets

LW has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays decreased their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Finally, Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.55.

Lamb Weston 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.