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

Jennison Associates LLC trimmed its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,807 shares of the specialty retailer's stock after selling 12,483 shares during the quarter. Jennison Associates LLC's holdings in Lamb Weston were worth $1,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. City State Bank raised its stake in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer's stock valued at $27,000 after buying an additional 150 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston during the third quarter valued at about $29,000. West Oak Capital LLC raised its position in shares of Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 274 shares during the last quarter. Riverview Trust Co acquired a new stake in Lamb Weston in the 3rd quarter worth approximately $35,000. Finally, CVA Family Office LLC grew its position in Lamb Weston by 143.8% during the 3rd quarter. CVA Family Office LLC now owns 573 shares of the specialty retailer's stock worth $37,000 after purchasing an additional 338 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Insider Transactions at Lamb Weston

In other news, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the acquisition, the director now directly owns 22,982 shares of the company's stock, valued at $1,453,611.50. The trade was 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 through this link. Also, Director Robert A. Niblock bought 3,000 shares of the firm's stock in a transaction dated Monday, January 13th. The stock was purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

Lamb Weston Stock Performance

NYSE LW traded down $0.42 during mid-day trading on Monday, reaching $58.49. 1,230,804 shares of the stock were exchanged, compared to its average volume of 2,241,492. The company has a market capitalization of $8.34 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.46 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The business's 50 day moving average is $66.17 and its 200-day moving average is $67.52. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $107.50.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The company's revenue was down 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 31st. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.53%. Lamb Weston's payout ratio is 58.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price objective 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. lifted their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Stifel Nicolaus cut their price objective on Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Barclays decreased their target price on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Finally, Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston has an average rating of "Hold" and an average target price of $81.00.

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.