Morey & Quinn Wealth Partners LLC Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Morey & Quinn Wealth Partners LLC purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,234 shares of the specialty retailer’s stock, valued at approximately $417,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston during the 3rd quarter valued at about $129,480,000. Boston Partners boosted its position in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after purchasing an additional 735,901 shares in the last quarter. State Street Corp grew its holdings in Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after purchasing an additional 549,812 shares during the period. Liberty One Investment Management LLC increased its position in shares of Lamb Weston by 697.4% in the fourth quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock valued at $23,408,000 after buying an additional 306,343 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Lamb Weston during the 3rd quarter worth approximately $19,822,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LW shares. StockNews.com raised shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Stifel Nicolaus cut their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target on the stock. Sanford C. Bernstein began coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective for the company. Finally, Jefferies Financial Group lifted their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued 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 $76.73.

Insider Activity at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by insiders.

Lamb Weston Trading Down 1.8 %

Shares of LW opened at $52.97 on Wednesday. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $107.50. The firm has a market capitalization of $7.56 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.40 and a beta of 0.76. The firm has a 50-day moving average price of $56.06 and a 200 day moving average price of $66.07. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.79%. Lamb Weston’s dividend payout ratio is currently 58.50%.

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.