Wellington Management Group LLP Sells 859,970 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Wellington Management Group LLP cut its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 96.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,832 shares of the specialty retailer’s stock after selling 859,970 shares during the period. Wellington Management Group LLP’s holdings in Lamb Weston were worth $3,441,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $93,553,000. APG Asset Management US Inc. bought a new position in Lamb Weston during the fourth quarter worth $56,699,000. Artemis Investment Management LLP increased its holdings in shares of Lamb Weston by 277.2% in the fourth quarter. Artemis Investment Management LLP now owns 566,553 shares of the specialty retailer’s stock valued at $61,238,000 after purchasing an additional 416,339 shares during the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Lamb Weston by 104.7% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock valued at $77,113,000 after purchasing an additional 364,851 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Lamb Weston by 97.8% during the 4th quarter. Jennison Associates LLC now owns 498,903 shares of the specialty retailer’s stock worth $53,926,000 after buying an additional 246,622 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $84.08 on Monday. The firm has a 50 day moving average of $85.48 and a 200-day moving average of $95.69. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $12.14 billion, a PE ratio of 11.23, a PEG ratio of 1.38 and a beta of 0.75.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.43 earnings per share. On average, equities research analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Analyst Ratings Changes

LW has been the topic of several research reports. Bank of America decreased their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Citigroup lowered their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Barclays reduced their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Wells Fargo & Company cut their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston 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.