Bank of Montreal Can Has $20.58 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Bank of Montreal Can boosted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 66.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,044 shares of the specialty retailer’s stock after acquiring an additional 123,195 shares during the quarter. Bank of Montreal Can owned 0.22% of Lamb Weston worth $20,577,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. City State Bank boosted its holdings in Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 150 shares during the last quarter. Crewe Advisors LLC lifted its position in shares of Lamb Weston by 357.5% during the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Lamb Weston during the third quarter worth about $29,000. GAMMA Investing LLC grew its position in 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 in the last quarter. Finally, Riverview Trust Co purchased a new stake in Lamb Weston in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $77.24 on Friday. The firm has a market capitalization of $11.01 billion, a PE ratio of 18.13, a P/E/G ratio of 1.37 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. The company has a 50-day moving average price of $74.25 and a two-hundred day moving average price of $73.75. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm earned $1.63 EPS. Lamb Weston’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts forecast 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 was paid on Friday, November 29th. Investors of record on Friday, November 1st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. Lamb Weston’s payout ratio is 33.80%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. 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. Stifel Nicolaus lifted their target price on Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, Barclays lifted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $82.22.

About Lamb Weston

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.