Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,021,180 shares of the specialty retailer's stock after selling 88,195 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.72% of Lamb Weston worth $68,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LW. City State Bank boosted its position in Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Lamb Weston during the 3rd quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in Lamb Weston in the 3rd quarter valued at $35,000. CVA Family Office LLC increased its holdings in Lamb Weston by 143.8% in the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer's stock worth $37,000 after acquiring an additional 338 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in Lamb Weston during the third quarter worth $39,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LW. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and dropped their target price for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Jefferies Financial Group lifted their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Bank of America increased their target price on Lamb Weston from $68.00 to $80.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on Lamb Weston from $70.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $81.00.

Lamb Weston Trading Down 1.0 %

LW stock traded down $0.62 during trading on Wednesday, reaching $61.06. 2,737,761 shares of the stock were exchanged, compared to its average volume of 2,577,592. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.42 and a beta of 0.73. The business has a 50 day moving average price of $74.26 and a 200-day moving average price of $70.64. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $110.61.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.67 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be issued a $0.37 dividend. This is a positive change from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston's payout ratio is 58.50%.

Insider Buying and Selling at Lamb Weston

In other news, Director Charles A. Blixt purchased 1,200 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now directly owns 22,982 shares of the company's stock, valued at approximately $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by corporate insiders.

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.