Mount Yale Investment Advisors LLC Invests $233,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

Mount Yale Investment Advisors LLC purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,183 shares of the specialty retailer’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Lamb Weston by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after buying an additional 60,601 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Lamb Weston by 15.1% during the 4th quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after purchasing an additional 241,848 shares during the last quarter. Champlain Investment Partners LLC lifted its position in shares of Lamb Weston by 11.7% during the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after purchasing an additional 129,120 shares during the last quarter. Artemis Investment Management LLP lifted its position in shares of Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after purchasing an additional 663,985 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lamb Weston by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock worth $126,189,000 after purchasing an additional 21,981 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 2.2 %

LW traded up $1.24 during trading hours on Tuesday, reaching $57.47. 1,037,282 shares of the stock traded hands, compared to its average volume of 2,452,519. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 5.41 and a beta of 0.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm’s fifty day simple moving average is $81.50 and its two-hundred day simple moving average is $91.10.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, August 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

Insiders Place Their Bets

In related news, Director William G. Jurgensen acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $55.43 per share, with a total value of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Bank of America dropped their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Wells Fargo & Company lowered their target price 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. TD Cowen lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $61.00 in a research report on Thursday, July 25th. Finally, Citigroup lowered their target price on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.70.

Lamb Weston Profile

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.