Clarkston Capital Partners LLC Sells 35,225 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Clarkston Capital Partners LLC lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,072,704 shares of the specialty retailer's stock after selling 35,225 shares during the quarter. Lamb Weston accounts for approximately 3.9% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 9th biggest position. Clarkston Capital Partners LLC owned about 2.15% of Lamb Weston worth $205,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. West Oak Capital LLC increased its position in shares of Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Lamb Weston during the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $47,000. Finally, Advantage Trust Co bought a new position in Lamb Weston in the fourth quarter valued at approximately $53,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Up 0.5 %

LW traded up $0.28 during midday trading on Friday, hitting $54.19. 676,894 shares of the company were exchanged, compared to its average volume of 2,705,727. The firm has a market capitalization of $7.73 billion, a P/E ratio of 21.42, a P/E/G ratio of 1.40 and a beta of 0.48. The firm's 50 day moving average price is $54.42 and its 200-day moving average price is $65.11. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $89.51.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.73%. Lamb Weston's payout ratio is 58.04%.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LW shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com raised Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Barclays lowered their target price on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $73.09.

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.