Fidelity National Financial Inc. Acquires New Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Fidelity National Financial Inc. bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 250,000 shares of the specialty retailer’s stock, valued at approximately $21,020,000. Lamb Weston makes up about 0.4% of Fidelity National Financial Inc.’s holdings, making the stock its 12th biggest position. Fidelity National Financial Inc. owned approximately 0.17% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LW. WFA Asset Management Corp boosted its stake in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 174 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston during the first quarter worth about $28,000. Crewe Advisors LLC increased its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the period. Redmont Wealth Advisors LLC bought a new position in Lamb Weston during the 1st quarter valued at approximately $32,000. Finally, GAMMA Investing LLC grew its position in shares of Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after buying an additional 220 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the acquisition, the director now owns 173,377 shares in the company, valued at $9,610,287.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is currently owned by company insiders.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $64.17 on Friday. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The firm has a 50 day moving average of $64.75 and a 200 day moving average of $81.03. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were given a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.24%. Lamb Weston’s payout ratio is 19.23%.

Analysts Set New Price Targets

Several brokerages have commented on LW. Citigroup lowered their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. TD Cowen downgraded Lamb Weston from a “buy” rating to a “hold” rating and dropped their target price for the stock from $105.00 to $61.00 in a report on Thursday, July 25th. Wells Fargo & Company cut their price objective on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. The Goldman Sachs Group cut their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

About Lamb Weston

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.