Bank of Montreal Can Acquires 123,195 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Bank of Montreal Can boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 66.6% during the third quarter, HoldingsChannel reports. The firm owned 308,044 shares of the specialty retailer’s stock after buying an additional 123,195 shares during the period. Bank of Montreal Can’s holdings in Lamb Weston were worth $20,577,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lamb Weston by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 195,836 shares of the specialty retailer’s stock worth $20,863,000 after acquiring an additional 1,400 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Lamb Weston by 135.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 7,918 shares of the specialty retailer’s stock valued at $844,000 after buying an additional 4,549 shares during the period. Tidal Investments LLC grew its stake in shares of Lamb Weston by 18.8% during the first quarter. Tidal Investments LLC now owns 6,122 shares of the specialty retailer’s stock valued at $652,000 after buying an additional 967 shares during the last quarter. Swedbank AB purchased a new position in shares of Lamb Weston in the first quarter worth about $5,324,000. Finally, Atria Investments Inc boosted its holdings in Lamb Weston by 27.6% during the 1st quarter. Atria Investments Inc now owns 12,092 shares of the specialty retailer’s stock valued at $1,288,000 after acquiring an additional 2,613 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $77.24 on Friday. The business has a fifty day moving average price of $74.25 and a 200-day moving average price of $73.75. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market capitalization of $11.01 billion, a PE ratio of 18.13, a PEG ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD Cowen increased their price objective on Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Barclays upped their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased their price objective on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $68.00 target price (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $82.22.

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.