Burns J W & Co. Inc. NY Lowers Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Burns J W & Co. Inc. NY lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,442 shares of the specialty retailer’s stock after selling 1,225 shares during the period. Burns J W & Co. Inc. NY’s holdings in Lamb Weston were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LW. State Street Corp lifted its stake in Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock worth $218,598,000 after buying an additional 24,097 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in 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 buying an additional 1,618,570 shares during the last quarter. TPG GP A LLC grew its holdings in Lamb Weston by 74.4% during 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 buying an additional 1,247,206 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in Lamb Weston by 5.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after acquiring an additional 114,049 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. TD Cowen increased their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research note on Thursday, December 12th. They issued a “hold” rating and a $81.00 price objective for the company. Jefferies Financial Group increased their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $81.00.

Lamb Weston Trading Up 0.1 %

Shares of NYSE LW traded up $0.08 during trading hours on Monday, reaching $60.81. The stock had a trading volume of 2,324,458 shares, compared to its average volume of 2,610,676. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The business’s fifty day moving average price is $73.28 and its two-hundred day moving average price is $70.14. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.42 and a beta of 0.73. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $110.61.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business posted $1.45 EPS. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, January 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Insider Activity

In other Lamb Weston news, Director Charles A. Blixt acquired 1,200 shares of the stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now directly owns 22,982 shares of the company’s stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

About Lamb Weston

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.