B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 3,670 Lamb Weston Holdings, Inc. (NYSE:LW)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,670 shares of the specialty retailer’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City State Bank increased its position in Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 150 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Lamb Weston during the 1st quarter worth approximately $28,000. Crewe Advisors LLC grew 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 buying an additional 261 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Lamb Weston during the 3rd quarter worth approximately $29,000. Finally, GAMMA Investing LLC grew 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 buying an additional 220 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of LW opened at $76.78 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The firm’s 50 day moving average price is $73.11 and its two-hundred day moving average price is $73.87. The firm has a market cap of $10.95 billion, a P/E ratio of 18.02, a PEG ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results 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. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

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 given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Bank of America lifted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays lifted their price target 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. Stifel Nicolaus boosted their price objective 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 boosted their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. 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 report on Monday, October 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $82.22.

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.