Mezzasalma Advisors LLC Has $1.38 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Mezzasalma Advisors LLC cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 32.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,972 shares of the specialty retailer’s stock after selling 6,103 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Lamb Weston were worth $1,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in shares of Lamb Weston by 15.1% during the fourth quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock worth $199,183,000 after acquiring an additional 241,848 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after buying an additional 663,985 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Lamb Weston by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,167,446 shares of the specialty retailer’s stock valued at $126,189,000 after buying an additional 21,981 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Lamb Weston by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock valued at $107,936,000 after acquiring an additional 27,253 shares in the last quarter. Finally, Norges Bank bought a new position in Lamb Weston during the fourth quarter valued at approximately $93,553,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

LW stock traded down $0.06 during trading on Thursday, reaching $82.68. 857,895 shares of the stock were exchanged, compared to its average volume of 1,707,905. Lamb Weston Holdings, Inc. has a twelve month low of $77.41 and a twelve month high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $11.94 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74. The stock has a 50 day simple moving average of $85.42 and a 200-day simple moving average of $95.21.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. Lamb Weston’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 EPS. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Analyst Ratings Changes

LW has been the topic of a number of analyst reports. Citigroup lowered their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Bank of America reduced their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. BNP Paribas initiated coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average price target of $117.40.

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.