Whittier Trust Co. of Nevada Inc. Has $58,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Whittier Trust Co. of Nevada Inc. grew its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 37.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 895 shares of the specialty retailer’s stock after purchasing an additional 243 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Lamb Weston were worth $58,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. TPG GP A LLC boosted its stake in shares of Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after acquiring an additional 1,247,206 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Lamb Weston by 78.5% during the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after acquiring an additional 830,511 shares in the last quarter. Ninety One UK Ltd bought a new stake in shares of Lamb Weston during the 2nd quarter worth about $42,518,000. Deprince Race & Zollo Inc. boosted its stake in shares of Lamb Weston by 2,989.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer’s stock worth $31,395,000 after acquiring an additional 361,305 shares in the last quarter. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Lamb Weston during the 2nd quarter worth about $24,165,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $68.00 price target (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Stifel Nicolaus raised their target price on Lamb Weston from $60.00 to $65.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. The Goldman Sachs Group cut their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Citigroup raised their price objective on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $80.56.

Lamb Weston Trading Up 0.3 %

Shares of LW stock opened at $77.38 on Friday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm has a fifty day moving average of $66.45 and a 200-day moving average of $74.59.

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

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders 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 dividend yield of 1.86%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is 19.23%.

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.