Money Concepts Capital Corp Grows Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Money Concepts Capital Corp raised its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,565 shares of the specialty retailer’s stock after acquiring an additional 1,582 shares during the period. Money Concepts Capital Corp’s holdings in Lamb Weston were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LW. Cetera Investment Advisers boosted its position in shares of Lamb Weston by 57.5% during the 2nd quarter. Cetera Investment Advisers now owns 30,499 shares of the specialty retailer’s stock valued at $2,564,000 after acquiring an additional 11,138 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Lamb Weston during the 2nd quarter valued at approximately $1,106,000. SG Americas Securities LLC boosted its position in shares of Lamb Weston by 58.2% during the 3rd quarter. SG Americas Securities LLC now owns 21,988 shares of the specialty retailer’s stock valued at $1,424,000 after acquiring an additional 8,088 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Lamb Weston by 25.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 38,200 shares of the specialty retailer’s stock valued at $2,473,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Czech National Bank boosted its position in shares of Lamb Weston by 6.4% during the 3rd quarter. Czech National Bank now owns 29,267 shares of the specialty retailer’s stock valued at $1,895,000 after acquiring an additional 1,752 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles A. Blixt acquired 1,200 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the transaction, the director now owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price for the company. Bank of America raised their price target on Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Jefferies Financial Group raised their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Barclays lowered their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Finally, Stifel Nicolaus lowered their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $81.00.

Lamb Weston Stock Performance

LW stock opened at $59.46 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The business’s fifty day simple moving average is $66.88 and its two-hundred day simple moving average is $67.71. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $107.50. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.47 and a beta of 0.72.

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

Lamb Weston Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.49%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

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.