Bank of Montreal Can Has $9.77 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Bank of Montreal Can lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 52.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,238 shares of the specialty retailer's stock after selling 161,806 shares during the quarter. Bank of Montreal Can owned approximately 0.10% of Lamb Weston worth $9,773,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Lamb Weston in the fourth quarter worth $96,736,000. Boston Partners lifted its holdings in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. Liberty One Investment Management LLC grew its position in Lamb Weston by 697.4% in the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock valued at $23,408,000 after buying an additional 306,343 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Lamb Weston during the 4th quarter valued at about $19,802,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Lamb Weston by 97.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 588,027 shares of the specialty retailer's stock worth $39,298,000 after buying an additional 290,901 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Up 0.1 %

Shares of LW traded up $0.05 during midday trading on Friday, hitting $53.45. The stock had a trading volume of 1,458,887 shares, compared to its average volume of 2,679,433. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The business has a 50-day simple moving average of $53.96 and a two-hundred day simple moving average of $64.72. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a market cap of $7.54 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.77%. Lamb Weston's payout ratio is presently 58.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on LW shares. Jefferies Financial Group dropped their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus lowered their price target on Lamb Weston from $68.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company cut their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Barclays dropped 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, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.27.

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.