IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Position in Lamb Weston Holdings, Inc. (NYSE:LW)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,469 shares of the specialty retailer's stock after selling 7,280 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Lamb Weston were worth $3,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Lamb Weston by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after buying an additional 58,066 shares in the last quarter. State Street Corp raised its stake in shares of 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. Boston Partners boosted its holdings 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 purchasing an additional 735,901 shares during the period. Geode Capital Management LLC grew its stake in Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock worth $218,598,000 after purchasing an additional 24,097 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new position in Lamb Weston during the 3rd quarter worth $129,480,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Lamb Weston Stock Down 1.7 %

Shares of LW traded down $0.91 during midday trading on Monday, hitting $53.10. 566,782 shares of the company's stock traded hands, compared to its average volume of 2,787,656. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $105.55. The firm's fifty day moving average is $55.73 and its 200-day moving average is $65.88.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is presently 58.50%.

Wall Street Analysts Forecast Growth

LW has been the subject of several research reports. Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Barclays lowered their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a research report on Friday, December 20th. Finally, StockNews.com raised shares of Lamb Weston to a "sell" rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average target price of $74.55.

Insider Transactions at Lamb Weston

In other news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company's stock.

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.