Deltec Asset Management LLC Boosts Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Deltec Asset Management LLC boosted its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 154.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,540 shares of the specialty retailer’s stock after purchasing an additional 44,040 shares during the period. Lamb Weston comprises approximately 1.2% of Deltec Asset Management LLC’s holdings, making the stock its 22nd largest holding. Deltec Asset Management LLC owned about 0.05% of Lamb Weston worth $6,099,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LW. WFA Asset Management Corp increased its stake in shares of Lamb Weston by 248.6% during the first quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 174 shares during the period. EntryPoint Capital LLC purchased a new position in Lamb Weston during the 1st quarter valued at $28,000. Redmont Wealth Advisors LLC bought a new position in Lamb Weston in the 1st quarter worth $32,000. GAMMA Investing LLC lifted its position in shares of Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the period. Finally, Vima LLC bought a new stake in shares of Lamb Weston during the 4th quarter valued at about $50,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Lamb Weston stock remained flat at $59.13 during mid-day trading on Wednesday. 1,394,110 shares of the company were exchanged, compared to its average volume of 2,568,185. The firm has a market cap of $8.54 billion, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 5.65 and a beta of 0.74. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company’s 50 day moving average price is $75.12 and its 200-day moving average price is $87.29.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 19.23%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LW shares. TD Cowen downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their price target for the stock from $105.00 to $61.00 in a research note on Thursday, July 25th. The Goldman Sachs Group lowered their target price 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. JPMorgan Chase & Co. reduced their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Citigroup decreased their price objective on Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Barclays dropped their target price on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and an average target price of $87.70.

Insider Buying and Selling

In other Lamb Weston news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now directly owns 173,377 shares in the company, valued at approximately $9,610,287.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is owned by company insiders.

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.