Fidelity National Financial Inc. Buys 100,000 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Fidelity National Financial Inc. grew its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 40.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 350,000 shares of the specialty retailer’s stock after acquiring an additional 100,000 shares during the quarter. Lamb Weston comprises about 0.4% of Fidelity National Financial Inc.’s portfolio, making the stock its 13th biggest holding. Fidelity National Financial Inc. owned approximately 0.25% of Lamb Weston worth $22,659,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LW. EntryPoint Capital LLC acquired a new stake in shares of Lamb Weston in the 1st quarter valued at $28,000. Crewe Advisors LLC boosted its stake in Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares in the last quarter. GAMMA Investing LLC grew its position in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. City State Bank raised its stake in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Lamb Weston in the second quarter worth about $36,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Trading Up 1.4 %

LW opened at $76.11 on Thursday. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The company has a fifty day moving average of $72.32 and a 200-day moving average of $74.03. The stock has a market cap of $10.85 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data 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. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $1.63 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio (DPR) is 33.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LW shares. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Barclays boosted their price objective on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Citigroup lifted their price target on Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen upped 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. One research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.22.

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.