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Cetera Advisor Networks LLC lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Score) by 24.3% in the course of the 2nd quarter, HoldingsChannel.com reviews. The institutional investor owned 6,632 shares of the specialty retailer’s inventory after buying a further 1,295 shares in the course of the interval. Cetera Advisor Networks LLC’s holdings in Lamb Weston had been price $474,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally modified their holdings of the inventory. Parallel Advisors LLC raised its holdings in shares of Lamb Weston by 12.1% in the course of the 2nd quarter. Parallel Advisors LLC now owns 1,379 shares of the specialty retailer’s inventory valued at $99,000 after shopping for a further 149 shares in the course of the interval. Cambridge Funding Analysis Advisors Inc. grew its stake in Lamb Weston by 1.5% in the course of the 2nd quarter. Cambridge Funding Analysis Advisors Inc. now owns 10,209 shares of the specialty retailer’s inventory valued at $730,000 after buying a further 152 shares within the final quarter. FDx Advisors Inc. grew its stake in Lamb Weston by 3.6% in the course of the 2nd quarter. FDx Advisors Inc. now owns 4,586 shares of the specialty retailer’s inventory valued at $328,000 after buying a further 160 shares within the final quarter. EverSource Wealth Advisors LLC grew its stake in Lamb Weston by 7.5% in the course of the 1st quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s inventory valued at $140,000 after buying a further 165 shares within the final quarter. Lastly, Hartford Funding Administration Co. grew its stake in Lamb Weston by 1.2% in the course of the 2nd quarter. Hartford Funding Administration Co. now owns 13,843 shares of the specialty retailer’s inventory valued at $989,000 after buying a further 165 shares within the final quarter. 90.05% of the inventory is presently owned by hedge funds and different institutional buyers.
Lamb Weston Value Efficiency
Shares of LW opened at $87.73 on Friday. The agency has a market cap of $12.62 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.06 and a beta of 0.53. The inventory has a 50 day transferring common of $83.42 and a 200-day transferring common of $77.50. The corporate has a present ratio of two.09, a fast ratio of 1.27 and a debt-to-equity ratio of 5.29. Lamb Weston Holdings, Inc. has a 52 week low of $49.71 and a 52 week excessive of $88.04.
Lamb Weston (NYSE:LW – Get Score) final introduced its quarterly earnings outcomes on Wednesday, October fifth. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. The enterprise had income of $1.13 billion for the quarter, in comparison with the consensus estimate of $1.14 billion. Lamb Weston had a return on fairness of 93.98% and a internet margin of 9.50%. The enterprise’s income was up 14.3% on a year-over-year foundation. Throughout the identical quarter final yr, the enterprise posted $0.20 EPS. As a bunch, analysts forecast that Lamb Weston Holdings, Inc. will publish 3.03 EPS for the present yr.
Lamb Weston Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which was paid on Friday, December 2nd. Buyers of document on Friday, November 4th had been issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, November third. Lamb Weston’s dividend payout ratio (DPR) is 35.38%.
Wall Avenue Analysts Forecast Development
A lot of equities analysis analysts have weighed in on the corporate. Stifel Nicolaus raised their worth goal on Lamb Weston from $82.00 to $90.00 and gave the corporate a “purchase” score in a analysis notice on Thursday, October sixth. TheStreet upgraded Lamb Weston from a “c+” score to a “b” score in a analysis notice on Wednesday, October fifth. JPMorgan Chase & Co. raised their worth goal on Lamb Weston from $98.00 to $101.00 and gave the corporate an “obese” score in a analysis notice on Thursday, October sixth. Financial institution of America raised their worth goal on Lamb Weston from $90.00 to $95.00 and gave the corporate a “purchase” score in a analysis notice on Thursday, October sixth. Lastly, The Goldman Sachs Group lifted their goal worth on Lamb Weston from $72.00 to $80.00 and gave the inventory a “impartial” score in a analysis report on Wednesday, October twelfth. One analyst has rated the inventory with a maintain score and 5 have assigned a purchase score to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate has a mean score of “Average Purchase” and a consensus worth goal of $88.20.
Insider Shopping for and Promoting
In associated information, SVP Sharon L. Miller offered 4,678 shares of the agency’s inventory in a transaction that occurred on Thursday, October thirteenth. The inventory was offered at a mean worth of $85.00, for a complete worth of $397,630.00. Following the sale, the senior vp now owns 59,678 shares of the corporate’s inventory, valued at roughly $5,072,630. The sale was disclosed in a doc filed with the SEC, which is offered on the SEC web site. Firm insiders personal 0.80% of the corporate’s inventory.
Lamb Weston Profile
(Get Score)
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato merchandise worldwide. It operates by means of 4 segments: World, Foodservice, Retail, and Different. The corporate gives frozen potatoes, industrial components, and appetizers below the Lamb Weston model, in addition to below varied buyer labels.
Learn Extra
Need to see what different hedge funds are holding LW? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LW – Get Score).
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