Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 21.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,177 shares of the specialty retailer’s stock after selling 3,651 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lamb Weston were worth $880,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. City State Bank raised its holdings in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Lamb Weston in the 1st quarter worth approximately $28,000. Crewe Advisors LLC increased its stake in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares during the period. Northwest Investment Counselors LLC purchased a new position in Lamb Weston in the 3rd quarter worth approximately $29,000. Finally, GAMMA Investing LLC increased its stake in shares of Lamb Weston by 135.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after buying an additional 220 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LW shares. Citigroup boosted their target price on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, September 24th. Consumer Edge lowered Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. The Goldman Sachs Group dropped their price target on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $82.22.

Lamb Weston Stock Down 0.3 %

LW stock opened at $77.09 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The business’s 50-day moving average is $67.99 and its two-hundred day moving average is $74.51. 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 company has a market cap of $10.99 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.38 and a beta of 0.75.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $1.63 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 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, November 29th. Investors of record on Friday, November 1st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Lamb Weston Company 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.