Illinois Municipal Retirement Fund Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Illinois Municipal Retirement Fund bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,915 shares of the specialty retailer’s stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Lamb Weston by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock valued at $963,653,000 after purchasing an additional 198,274 shares during the period. State Street Corp increased its position in Lamb Weston by 3.4% during the 1st quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock valued at $312,971,000 after buying an additional 172,399 shares in the last quarter. TPG GP A LLC increased its position in Lamb Weston by 64.7% during the 2nd quarter. TPG GP A LLC now owns 5,144,379 shares of the specialty retailer’s stock valued at $367,617,000 after buying an additional 2,021,259 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Lamb Weston by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,606,920 shares of the specialty retailer’s stock valued at $257,750,000 after buying an additional 30,592 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Lamb Weston by 406.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,163,982 shares of the specialty retailer’s stock valued at $167,449,000 after buying an additional 1,736,583 shares in the last quarter. Hedge funds and other institutional investors own 89.87% of the company’s stock.

Insider Activity at Lamb Weston

In related news, SVP Sharon L. Miller sold 5,000 shares of Lamb Weston stock in a transaction on Friday, January 6th. The stock was sold at an average price of $100.00, for a total transaction of $500,000.00. Following the transaction, the senior vice president now directly owns 54,117 shares in the company, valued at $5,411,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Bernadette M. Madarieta sold 6,500 shares of Lamb Weston stock in a transaction on Monday, January 9th. The stock was sold at an average price of $98.40, for a total transaction of $639,600.00. Following the transaction, the chief financial officer now directly owns 25,487 shares in the company, valued at $2,507,920.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sharon L. Miller sold 5,000 shares of the business’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $100.00, for a total value of $500,000.00. Following the completion of the transaction, the senior vice president now owns 54,117 shares in the company, valued at $5,411,700. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,514 shares of company stock worth $4,100,600. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

LW has been the subject of a number of analyst reports. StockNews.com lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, December 16th. Stifel Nicolaus raised their price objective on Lamb Weston from $90.00 to $107.00 in a research report on Friday, January 6th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 5th. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $101.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, January 6th. Finally, The Goldman Sachs Group lifted their target price on Lamb Weston from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and a consensus target price of $96.80.

Lamb Weston Stock Performance

Shares of LW opened at $96.98 on Wednesday. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.96 and a quick ratio of 1.07. Lamb Weston Holdings, Inc. has a one year low of $49.71 and a one year high of $100.77. The firm has a market capitalization of $13.95 billion, a P/E ratio of 29.75, a PEG ratio of 0.82 and a beta of 0.51. The business has a fifty day moving average of $89.92 and a 200 day moving average of $83.67.

Lamb Weston (NYSE:LWGet Rating) last issued its quarterly earnings data on Thursday, January 5th. The specialty retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $0.74 by $0.54. Lamb Weston had a return on equity of 107.83% and a net margin of 10.50%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.96 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 2nd. This is an increase from Lamb Weston’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 1.15%. Lamb Weston’s payout ratio is 30.06%.

About Lamb Weston

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Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

See Also

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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