CIBC Private Wealth Group LLC Sells 6,838 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

CIBC Private Wealth Group LLC reduced its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 72.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,598 shares of the specialty retailer's stock after selling 6,838 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Lamb Weston were worth $158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Lamb Weston during the fourth quarter valued at about $96,736,000. Boston Partners boosted its position in shares of Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after acquiring an additional 735,901 shares during the period. State Street Corp grew its stake in Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock valued at $402,791,000 after acquiring an additional 549,812 shares in the last quarter. Liberty One Investment Management LLC increased its holdings in Lamb Weston by 697.4% during the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock worth $23,408,000 after acquiring an additional 306,343 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Lamb Weston in the 4th quarter worth approximately $19,802,000. 89.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LW has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Citigroup lowered Lamb Weston from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Finally, StockNews.com raised shares of Lamb Weston to a "sell" rating in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $71.27.

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Lamb Weston Price Performance

Shares of LW stock traded up $0.71 during trading hours on Friday, hitting $54.62. 2,206,966 shares of the company's stock were exchanged, compared to its average volume of 2,702,042. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51. The company has a market capitalization of $7.79 billion, a PE ratio of 21.59, a PEG ratio of 1.40 and a beta of 0.48. The business's 50 day simple moving average is $54.33 and its 200-day simple moving average is $65.04. 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 (NYSE:LW - Get Free Report) last posted 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. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts anticipate 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. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.71%. Lamb Weston's payout ratio is 58.04%.

Insider Buying and Selling

In other news, Director Robert A. Niblock purchased 3,000 shares of the company's stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by corporate insiders.

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.