Wellington Management Group LLP Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Wellington Management Group LLP lessened its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 20.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,822 shares of the specialty retailer’s stock after selling 4,673 shares during the quarter. Wellington Management Group LLP’s holdings in Lamb Weston were worth $1,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Southpoint Capital Advisors LP acquired a new stake in Lamb Weston during the 3rd quarter valued at $129,480,000. Clarkston Capital Partners LLC boosted its stake in shares of Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after acquiring an additional 1,618,570 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Lamb Weston during the 3rd quarter worth about $86,883,000. TPG GP A LLC raised its stake in Lamb Weston by 74.4% in the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock valued at $245,869,000 after purchasing an additional 1,247,206 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Lamb Weston by 78.5% in the 2nd quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock valued at $158,790,000 after purchasing an additional 830,511 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 20.1 %

LW opened at $62.50 on Friday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The firm has a 50 day moving average price of $76.94 and a 200 day moving average price of $72.75. 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 cap of $8.91 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. Lamb Weston’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 EPS. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 33.80%.

Analyst Ratings Changes

LW has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. TD Cowen lifted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price target on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday. Jefferies Financial Group raised their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein initiated coverage on Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.25.

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.