Lamb Weston Holdings, Inc. (NYSE:LW) Stock Holdings Lessened by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,861 shares of the specialty retailer's stock after selling 9,344 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Lamb Weston were worth $3,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. West Oak Capital LLC boosted its position in Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC acquired a new position in Lamb Weston during the 4th quarter worth $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new position in Lamb Weston during the 4th quarter worth $47,000. Finally, Advantage Trust Co acquired a new position in Lamb Weston during the 4th quarter worth $53,000. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Trading Down 0.1 %

LW stock traded down $0.07 during mid-day trading on Monday, reaching $51.87. 1,353,789 shares of the stock traded hands, compared to its average volume of 2,661,570. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $89.51. The company has a market cap of $7.32 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.40 and a beta of 0.48. The stock's fifty day moving average is $53.31 and its 200-day moving average is $63.97.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Analysts Set New Price Targets

LW has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group reduced their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a "hold" rating in a report on Thursday. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and an average target price of $70.64.

Lamb Weston 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.