Fielder Capital Group LLC Makes New $490,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Fielder Capital Group LLC purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,529 shares of the specialty retailer’s stock, valued at approximately $490,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Great Valley Advisor Group Inc. boosted its stake in shares of Lamb Weston by 3.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 3,065 shares of the specialty retailer’s stock worth $332,000 after acquiring an additional 101 shares in the last quarter. VisionPoint Advisory Group LLC lifted its holdings in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares in the last quarter. Private Trust Co. NA grew its position in shares of Lamb Weston by 15.3% in the fourth quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 166 shares during the last quarter. Family Legacy Inc. increased its stake in shares of Lamb Weston by 1.5% during the 4th quarter. Family Legacy Inc. now owns 11,157 shares of the specialty retailer’s stock worth $1,206,000 after purchasing an additional 168 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Lamb Weston by 7.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,502 shares of the specialty retailer’s stock valued at $270,000 after buying an additional 182 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of LW traded up $0.69 during trading hours on Tuesday, hitting $85.10. 1,548,177 shares of the company were exchanged, compared to its average volume of 2,283,393. The firm has a fifty day simple moving average of $93.32 and a 200-day simple moving average of $98.45. The company has a market capitalization of $12.29 billion, a PE ratio of 11.27, a PEG ratio of 1.38 and a beta of 0.79. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

Several brokerages have weighed in on LW. BNP Paribas initiated coverage on Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target for the company. Barclays reduced their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Stifel Nicolaus reduced their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Company 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.