Bollard Group LLC grew its stake in Lamb Weston Holdings Inc (NYSE:LW) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,083 shares of the specialty retailer’s stock after acquiring an additional 890 shares during the period. Bollard Group LLC’s holdings in Lamb Weston were worth $1,804,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the stock. BlackRock Inc. grew its holdings in Lamb Weston by 2.4% during the second quarter. BlackRock Inc. now owns 13,875,099 shares of the specialty retailer’s stock worth $950,584,000 after purchasing an additional 328,259 shares during the period. Wells Fargo & Company MN grew its holdings in Lamb Weston by 2.8% during the second quarter. Wells Fargo & Company MN now owns 3,794,823 shares of the specialty retailer’s stock worth $259,982,000 after purchasing an additional 102,301 shares during the period. Congress Asset Management Co. MA grew its holdings in Lamb Weston by 0.4% during the third quarter. Congress Asset Management Co. MA now owns 1,469,557 shares of the specialty retailer’s stock worth $97,872,000 after purchasing an additional 5,376 shares during the period. KAMES CAPITAL plc grew its holdings in Lamb Weston by 17.6% during the third quarter. KAMES CAPITAL plc now owns 1,116,222 shares of the specialty retailer’s stock worth $74,340,000 after purchasing an additional 167,253 shares during the period. Finally, Macquarie Group Ltd. bought a new position in Lamb Weston during the second quarter worth about $54,064,000. Institutional investors and hedge funds own 79.68% of the company’s stock.

LW stock traded down $0.68 during mid-day trading on Friday, hitting $73.45. 1,580,778 shares of the company were exchanged, compared to its average volume of 3,464,891. The company has a market capitalization of $10.86 billion, a PE ratio of 27.61, a price-to-earnings-growth ratio of 2.10 and a beta of -0.56. Lamb Weston Holdings Inc has a 1-year low of $52.92 and a 1-year high of $83.86.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The firm had revenue of $914.90 million during the quarter, compared to the consensus estimate of $879.68 million. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Research analysts forecast that Lamb Weston Holdings Inc will post 2.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Friday, November 2nd were given a dividend of $0.191 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.76 annualized dividend and a yield of 1.04%. Lamb Weston’s dividend payout ratio (DPR) is presently 28.57%.

A number of research firms recently commented on LW. CL King cut Lamb Weston from a “buy” rating to a “neutral” rating in a report on Thursday, October 25th. ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Stifel Nicolaus lifted their price target on Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Wednesday, October 3rd. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a report on Wednesday, October 24th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Lamb Weston in a report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $74.50.

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About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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