Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,572 shares of the specialty retailer’s stock after selling 15,571 shares during the quarter. Tredje AP fonden’s holdings in Lamb Weston were worth $1,041,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Lamb Weston by 2.4% in the third quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer’s stock valued at $10,744,000 after acquiring an additional 3,927 shares in the last quarter. Sigma Planning Corp lifted its position in Lamb Weston by 112.5% in the third quarter. Sigma Planning Corp now owns 5,221 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 2,764 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Lamb Weston by 2.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 344,106 shares of the specialty retailer’s stock valued at $22,277,000 after purchasing an additional 7,449 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Lamb Weston by 98.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 25,848 shares of the specialty retailer’s stock valued at $1,673,000 after purchasing an additional 12,827 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Lamb Weston by 26.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,323 shares of the specialty retailer’s stock worth $409,000 after buying an additional 1,322 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 4.8 %

NYSE:LW opened at $50.98 on Friday. The business’s fifty day moving average price is $57.19 and its 200 day moving average price is $66.47. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.40 and a beta of 0.76. 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 Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $107.50.

Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $1.45 EPS. Lamb Weston’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were issued a dividend of $0.37 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, January 31st. Lamb Weston’s payout ratio is currently 58.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their target price for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Barclays decreased their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. Finally, Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.73.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.

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.