Clearbridge Investments LLC Decreases Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Clearbridge Investments LLC lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,180,629 shares of the specialty retailer's stock after selling 42,387 shares during the quarter. Clearbridge Investments LLC owned approximately 0.83% of Lamb Weston worth $78,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock valued at $74,000 after purchasing an additional 170 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Lamb Weston by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer's stock worth $241,000 after purchasing an additional 186 shares in the last quarter. Blair William & Co. IL lifted its position in Lamb Weston by 3.2% during the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock valued at $476,000 after purchasing an additional 219 shares during the last quarter. Atria Investments Inc raised its position in shares of Lamb Weston by 3.2% during the 4th quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after buying an additional 227 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in Lamb Weston by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer's stock worth $595,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on LW shares. Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Jefferies Financial Group lifted their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.55.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

Lamb Weston Trading Up 9.9 %

Shares of NYSE:LW traded up $5.35 on Thursday, hitting $59.50. The company had a trading volume of 10,399,712 shares, compared to its average volume of 2,843,102. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $103.49. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The firm's 50-day simple moving average is $55.27 and its two-hundred day simple moving average is $65.65. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.40 and a beta of 0.48.

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, beating the consensus estimate 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 company posted $1.20 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.49%. Lamb Weston's dividend payout ratio is currently 58.50%.

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.