Daiwa Securities Group Inc. Has $2.50 Million Position in Lamb Weston Holdings Inc (LW)
Daiwa Securities Group Inc. lowered its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 16.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,255 shares of the specialty retailer’s stock after selling 8,480 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Lamb Weston were worth $2,498,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. California Public Employees Retirement System lifted its stake in Lamb Weston by 16.4% during the fourth quarter. California Public Employees Retirement System now owns 298,530 shares of the specialty retailer’s stock worth $16,852,000 after purchasing an additional 42,064 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in Lamb Weston by 319.0% during the fourth quarter. Teacher Retirement System of Texas now owns 47,866 shares of the specialty retailer’s stock worth $2,702,000 after purchasing an additional 36,443 shares during the last quarter. ING Groep NV lifted its stake in Lamb Weston by 36.8% during the fourth quarter. ING Groep NV now owns 15,430 shares of the specialty retailer’s stock worth $871,000 after purchasing an additional 4,154 shares during the last quarter. DSAM Partners London Ltd bought a new stake in Lamb Weston during the fourth quarter worth $15,054,000. Finally, Clarus Wealth Advisors bought a new stake in Lamb Weston during the fourth quarter worth $453,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Peter J. Bensen purchased 5,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was bought at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the purchase, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by corporate insiders.
Lamb Weston Holdings Inc (NYSE:LW) opened at $54.24 on Thursday. Lamb Weston Holdings Inc has a 12 month low of $39.07 and a 12 month high of $60.85. The company has a market capitalization of $7,975.06, a price-to-earnings ratio of 24.68, a PEG ratio of 1.84 and a beta of 0.43. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company had revenue of $824.60 million during the quarter, compared to analysts’ expectations of $815.29 million. During the same period in the prior year, the company earned $0.63 EPS. Lamb Weston’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts predict that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, February 1st. Lamb Weston’s dividend payout ratio is presently 35.19%.
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Lamb Weston Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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