Updating Lamb Weston Holdings Inc., MTS Systems Corp. and Tupperware Brands Corp.

Article Excerpt

LAMB WESTON HOLDINGS INC. $74 (New York symbol LW, Income Portfolio, Consumer sector; Shares outstanding: 146.1 million; Market cap: $10.8 billion; Price-to-sales ratio: 2.9; Dividend yield: 1.1%; TSINetwork Rating: Average; www.lambweston.com) is a leading producer of frozen french fries, potatoes and other packaged vegetables. Lamb Weston was a wholly owned unit of Conagra Brands until November 9, 2016. That’s when Conagra set it up as a separate company. It then handed its investors one Lamb Weston share for every three Conagra shares they held. In the fiscal 2019 fourth quarter, ended May 26, 2019, Lamb Weston’s sales rose 9.3%, to $1.0 billion from $918.2 million a year earlier. The improved results are due to higher selling prices (up 3%) and volumes (up 6%). If you disregard unusual items, the company earned $0.74 a share in the latest quarter, up 13.8% from $0.65 a year earlier. Earnings will likely rise 8% in fiscal 2020 to $3.47 a share. The stock, which is up 130% since Lamb…

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