Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 97.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 994 shares of the specialty retailer's stock after selling 38,192 shares during the period. Federated Hermes Inc.'s holdings in Lamb Weston were worth $66,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LW. West Oak Capital LLC raised its stake in Lamb Weston by 155.7% during the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after buying an additional 274 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. bought a new position in shares of Lamb Weston during the 4th quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Lamb Weston during the 4th quarter worth about $47,000. Finally, Advantage Trust Co bought a new position in shares of Lamb Weston during the 4th quarter worth about $53,000. Institutional investors own 89.56% of the company's stock.

Analysts Set New Price Targets

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

Lamb Weston Trading Up 0.8 %

Shares of Lamb Weston stock traded up $0.44 during trading on Thursday, hitting $52.88. The stock had a trading volume of 202,037 shares, compared to its average volume of 2,666,720. The firm's fifty day simple moving average is $53.54 and its 200-day simple moving average is $64.32. The stock has a market cap of $7.46 billion, a PE ratio of 20.95, a PEG ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed 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. This represents a $1.48 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

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.