Farther Finance Advisors LLC Purchases 394 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Farther Finance Advisors LLC lifted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 46.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,235 shares of the specialty retailer’s stock after purchasing an additional 394 shares during the quarter. Farther Finance Advisors LLC’s holdings in Lamb Weston were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lamb Weston by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock worth $218,598,000 after acquiring an additional 24,097 shares during the period. Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston during the third quarter worth $129,480,000. Champlain Investment Partners LLC raised its holdings in shares of Lamb Weston by 31.6% during the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock worth $126,309,000 after acquiring an additional 468,190 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Lamb Weston during the third quarter worth $86,883,000. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays dropped their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price objective on the stock. Stifel Nicolaus dropped their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $76.73.

Lamb Weston Stock Up 0.8 %

Lamb Weston stock opened at $53.16 on Friday. The firm has a market capitalization of $7.58 billion, a PE ratio of 21.01, a P/E/G ratio of 1.40 and a beta of 0.76. The company’s 50-day moving average is $56.34 and its 200-day moving average is $66.14. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $107.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. Lamb Weston’s dividend payout ratio is presently 58.50%.

Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, with a total value of $75,900.00. Following the acquisition, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

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.