Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,474 shares of the specialty retailer’s stock after purchasing an additional 1,915 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Lamb Weston were worth $1,769,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in Lamb Weston in the fourth quarter valued at approximately $2,641,000. Atria Wealth Solutions Inc. acquired a new position in shares of Lamb Weston in the 4th quarter valued at $2,850,000. Leeward Investments LLC MA grew its holdings in shares of Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock worth $10,457,000 after purchasing an additional 45,904 shares during the period. HB Wealth Management LLC increased its position in shares of Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock valued at $82,174,000 after buying an additional 16,092 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Lamb Weston Price Performance

Lamb Weston stock opened at $53.95 on Monday. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $105.55. The stock has a market cap of $7.70 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a fifty day simple moving average of $55.73 and a 200-day simple moving average of $65.88.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s payout ratio is currently 58.50%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LW. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Stifel Nicolaus decreased their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein began coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.55.

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.