Asset Management One Co. Ltd. Reduces Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Asset Management One Co. Ltd. lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,769 shares of the specialty retailer's stock after selling 7,477 shares during the period. Asset Management One Co. Ltd.'s holdings in Lamb Weston were worth $3,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. TPG GP A LLC boosted its stake 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 worth $245,869,000 after purchasing an additional 1,247,206 shares during the period. Marshall Wace LLP raised its holdings in shares of Lamb Weston by 78.5% in the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer's stock valued at $158,790,000 after buying an additional 830,511 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Lamb Weston during the second quarter worth about $42,518,000. Deprince Race & Zollo Inc. grew its holdings in shares of Lamb Weston by 2,989.7% during the second quarter. Deprince Race & Zollo Inc. now owns 373,390 shares of the specialty retailer's stock worth $31,395,000 after buying an additional 361,305 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in Lamb Weston in the 2nd quarter valued at about $24,165,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

LW stock traded up $0.90 during trading on Friday, reaching $81.20. 1,580,097 shares of the company were exchanged, compared to its average volume of 2,357,167. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The stock's 50 day moving average price is $70.06 and its 200 day moving average price is $74.30. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a market cap of $11.58 billion, a P/E ratio of 19.06, a PEG ratio of 1.45 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston's dividend payout ratio is currently 33.80%.

Wall Street Analyst Weigh In

LW has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Lamb Weston from $132.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. TD Cowen increased their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a "hold" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $68.00 price objective (up from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. Stifel Nicolaus raised their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $82.22.

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.