Oppenheimer Asset Management Inc. Sells 667 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Oppenheimer Asset Management Inc. cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,924 shares of the specialty retailer’s stock after selling 667 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Lamb Weston were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. City State Bank increased its stake in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Lamb Weston in the first quarter worth about $28,000. Crewe Advisors LLC raised its stake in shares of Lamb Weston by 357.5% in the second quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after buying an additional 261 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Lamb Weston during the 3rd quarter valued at approximately $29,000. Finally, GAMMA Investing LLC grew its stake in shares of Lamb Weston by 135.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 220 shares during the period. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LW. Citigroup lifted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. TD Cowen upped their price objective on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Finally, Barclays increased their target price on Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.22.

Lamb Weston Stock Down 2.3 %

NYSE LW opened at $75.07 on Wednesday. The stock has a 50 day moving average price of $72.07 and a 200-day moving average price of $74.10. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The company has a market capitalization of $10.70 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.35 and a beta of 0.72.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $1.63 EPS. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. Lamb Weston’s dividend payout ratio (DPR) is presently 33.80%.

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.