PFG Investments LLC Has $554,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

PFG Investments LLC decreased its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,295 shares of the specialty retailer’s stock after selling 620 shares during the quarter. PFG Investments LLC’s holdings in Lamb Weston were worth $554,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. City State Bank boosted its holdings 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 acquiring an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after purchasing an additional 156 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock worth $430,000 after purchasing an additional 181 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 186 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in shares of Lamb Weston by 4.6% in the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock valued at $297,000 after buying an additional 201 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LW. Wells Fargo & Company increased their price objective 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. Jefferies Financial Group raised their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus reduced their price objective on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Barclays lowered their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, Sanford C. Bernstein started coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.00.

Lamb Weston Price Performance

Shares of LW opened at $61.41 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock has a market cap of $8.76 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. The stock’s 50-day moving average price is $68.56 and its two-hundred day moving average price is $68.35. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $107.50.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. On average, equities analysts predict that Lamb Weston Holdings, Inc. will post 3.11 earnings per share for the current year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Insiders Place Their Bets

In other news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction on Monday, January 13th. The stock was purchased at an average price 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 trade represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company’s stock.

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.