Marshall Wace LLP Has $158.79 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Marshall Wace LLP raised its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 78.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,888,556 shares of the specialty retailer’s stock after purchasing an additional 830,511 shares during the quarter. Marshall Wace LLP’s holdings in Lamb Weston were worth $158,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WFA Asset Management Corp boosted its holdings in shares of Lamb Weston by 248.6% during the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after buying an additional 174 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Lamb Weston during the 1st quarter worth approximately $28,000. Crewe Advisors LLC boosted its holdings 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 in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Lamb Weston during the 1st quarter worth approximately $32,000. Finally, GAMMA Investing LLC boosted its holdings 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 in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the transaction, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

LW has been the topic of a number of research analyst reports. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $105.00 to $61.00 in a report on Thursday, July 25th. Barclays cut their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Citigroup increased their target price on Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Moderate Buy” and an average price target of $80.30.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $64.90 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The stock’s fifty day simple moving average is $63.19 and its two-hundred day simple moving average is $79.21. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The stock has a market cap of $9.37 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75.

Lamb Weston (NYSE:LW) last announced its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.46). Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s dividend payout ratio is presently 19.23%.

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.