Tokio Marine Asset Management Co. Ltd. Grows Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 26.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,323 shares of the specialty retailer’s stock after purchasing an additional 1,322 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lamb Weston were worth $409,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Confluence Investment Management LLC purchased a new position in Lamb Weston during the 2nd quarter worth $7,937,000. EntryPoint Capital LLC bought a new stake in shares of Lamb Weston in the first quarter valued at about $28,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lamb Weston in the second quarter worth about $3,279,000. Bessemer Group Inc. grew its holdings in Lamb Weston by 219.0% during the 1st quarter. Bessemer Group Inc. now owns 15,817 shares of the specialty retailer’s stock worth $1,686,000 after acquiring an additional 10,859 shares in the last quarter. Finally, Deltec Asset Management LLC grew its holdings in Lamb Weston by 154.5% during the 2nd quarter. Deltec Asset Management LLC now owns 72,540 shares of the specialty retailer’s stock worth $6,099,000 after acquiring an additional 44,040 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LW. TD Cowen upped their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Wells Fargo & Company upped their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. The Goldman Sachs Group decreased their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Barclays lifted their target price on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus price target of $82.22.

Lamb Weston Price Performance

Shares of LW stock opened at $75.47 on Friday. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.43 and a beta of 0.72. The stock’s 50-day simple moving average is $71.80 and its 200-day simple moving average is $74.21.

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

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. Lamb Weston’s dividend payout ratio is currently 33.80%.

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.