Renaissance Technologies LLC grew its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 51.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,312,100 shares of the specialty retailer’s stock after acquiring an additional 443,700 shares during the quarter. Renaissance Technologies LLC owned about 0.90% of Lamb Weston worth $74,068,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in LW. Kensico Capital Management Corp lifted its holdings in Lamb Weston by 56.9% in the third quarter. Kensico Capital Management Corp now owns 3,640,000 shares of the specialty retailer’s stock worth $170,680,000 after purchasing an additional 1,320,000 shares during the period. Wells Fargo & Company MN lifted its holdings in Lamb Weston by 73.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,195,707 shares of the specialty retailer’s stock worth $123,948,000 after purchasing an additional 928,686 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Lamb Weston by 3,097.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 646,057 shares of the specialty retailer’s stock worth $36,470,000 after purchasing an additional 625,852 shares during the period. BlackRock Inc. lifted its holdings in Lamb Weston by 5.0% in the fourth quarter. BlackRock Inc. now owns 13,164,249 shares of the specialty retailer’s stock worth $743,124,000 after purchasing an additional 622,607 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Lamb Weston by 1,254.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 621,263 shares of the specialty retailer’s stock worth $35,070,000 after purchasing an additional 575,391 shares during the period. 80.64% of the stock is owned by institutional investors.
In other Lamb Weston news, Director Peter J. Bensen purchased 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The stock was bought at an average cost of $58.18 per share, with a total value of $290,900.00. Following the acquisition, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company had revenue of $824.60 million during the quarter, compared to the consensus estimate of $815.29 million. During the same period in the prior year, the company earned $0.63 EPS. Lamb Weston’s revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were issued a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.33%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, February 1st. Lamb Weston’s dividend payout ratio is presently 35.19%.
Several equities research analysts recently weighed in on LW shares. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Jefferies Group upped their price objective on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Lamb Weston currently has a consensus rating of “Buy” and a consensus target price of $58.14.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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