Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. trimmed its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,109 shares of the specialty retailer’s stock after selling 539 shares during the period. Bridges Investment Management Inc.’s holdings in Lamb Weston were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Metis Global Partners LLC increased its stake in shares of Lamb Weston by 6.1% during the 4th quarter. Metis Global Partners LLC now owns 4,819 shares of the specialty retailer’s stock worth $322,000 after purchasing an additional 276 shares in the last quarter. US Bancorp DE increased its stake in shares of Lamb Weston by 3.3% during the 4th quarter. US Bancorp DE now owns 45,264 shares of the specialty retailer’s stock worth $3,025,000 after purchasing an additional 1,458 shares in the last quarter. WR Wealth Planners LLC purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $115,000. Mutual of America Capital Management LLC increased its stake in shares of Lamb Weston by 157.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 111,558 shares of the specialty retailer’s stock worth $7,455,000 after purchasing an additional 68,207 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $1,932,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lamb Weston

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

Lamb Weston Stock Down 3.5 %

Shares of NYSE LW opened at $50.07 on Tuesday. Lamb Weston Holdings, Inc. has a 52-week low of $49.49 and a 52-week high of $107.50. The firm has a fifty day moving average of $60.05 and a 200-day moving average of $67.27. The stock has a market capitalization of $7.14 billion, a PE ratio of 19.79, a P/E/G ratio of 1.40 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last announced 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). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were issued a dividend of $0.37 per share. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.96%. Lamb Weston’s payout ratio is presently 58.50%.

Analyst Ratings Changes

LW has been the subject of several recent analyst reports. Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Barclays lowered their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Jefferies Financial Group lifted their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Hold” and a consensus price target of $81.00.

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.