Lamb Weston $LW Shares Acquired by Osaic Holdings Inc.

Osaic Holdings Inc. lifted its stake in shares of Lamb Weston (NYSE:LW) by 77.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,590 shares of the specialty retailer’s stock after acquiring an additional 25,095 shares during the period. Osaic Holdings Inc.’s holdings in Lamb Weston were worth $2,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Lamb Weston by 23.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,823 shares of the specialty retailer’s stock valued at $310,000 after purchasing an additional 1,123 shares during the period. Eisler Capital Management Ltd. acquired a new position in Lamb Weston in the 1st quarter valued at about $308,000. MAI Capital Management grew its stake in shares of Lamb Weston by 91.2% in the 1st quarter. MAI Capital Management now owns 4,044 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 1,929 shares during the period. Gates Capital Management Inc. increased its holdings in shares of Lamb Weston by 49.8% during the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock worth $107,460,000 after buying an additional 670,611 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of Lamb Weston during the 1st quarter worth approximately $1,687,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.7%

Shares of NYSE LW opened at $42.20 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.64 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $5.86 billion, a PE ratio of 15.18, a PEG ratio of 6.28 and a beta of 0.44. Lamb Weston has a twelve month low of $41.41 and a twelve month high of $68.61. The stock has a fifty day simple moving average of $58.30 and a 200-day simple moving average of $56.69.

Lamb Weston (NYSE:LW) last announced its earnings results on Friday, December 19th. The specialty retailer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Lamb Weston had a return on equity of 27.71% and a net margin of 6.06%.Lamb Weston’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. On average, equities analysts forecast that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, January 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, January 30th. Lamb Weston’s dividend payout ratio (DPR) is presently 53.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LW. Sanford C. Bernstein decreased their price objective on Lamb Weston from $65.00 to $46.00 in a report on Tuesday. Bank of America reduced their target price on Lamb Weston from $66.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. BNP Paribas Exane lowered Lamb Weston from an “outperform” rating to a “neutral” rating in a research note on Monday, December 22nd. BNP Paribas set a $48.00 price objective on Lamb Weston in a research report on Monday. Finally, Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $68.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and an average target price of $54.18.

Lamb Weston Company Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.