Bridgewater Associates LP Has $5.25 Million Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Bridgewater Associates LP reduced its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 72.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,534 shares of the specialty retailer's stock after selling 209,725 shares during the period. Bridgewater Associates LP owned approximately 0.06% of Lamb Weston worth $5,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Canada Post Corp Registered Pension Plan bought a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $134,000. Mariner LLC lifted its stake in Lamb Weston by 6.1% during the fourth quarter. Mariner LLC now owns 23,886 shares of the specialty retailer's stock worth $1,596,000 after purchasing an additional 1,365 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Lamb Weston by 98.0% during the fourth quarter. Cohen & Steers Inc. now owns 68,864 shares of the specialty retailer's stock worth $4,602,000 after purchasing an additional 34,079 shares during the last quarter. Townsquare Capital LLC lifted its stake in Lamb Weston by 13.9% during the fourth quarter. Townsquare Capital LLC now owns 4,494 shares of the specialty retailer's stock worth $300,000 after purchasing an additional 550 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Lamb Weston by 44.9% during the fourth quarter. Sterling Capital Management LLC now owns 7,222 shares of the specialty retailer's stock worth $483,000 after purchasing an additional 2,237 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Down 0.7 %

Shares of NYSE:LW traded down $0.35 during midday trading on Wednesday, hitting $52.12. 385,784 shares of the stock were exchanged, compared to its average volume of 2,722,141. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The business's 50-day moving average price is $53.66 and its 200 day moving average price is $64.40. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 earnings per share. Analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

Wall Street Analyst Weigh In

LW has been the subject of several recent analyst reports. Stifel Nicolaus cut their target price on Lamb Weston from $68.00 to $63.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Jefferies Financial Group cut their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company cut their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $71.27.

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.