KLP Kapitalforvaltning AS Acquires New Position in Lamb Weston Holdings, Inc. (NYSE:LW)

KLP Kapitalforvaltning AS bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 102,100 shares of the specialty retailer's stock, valued at approximately $6,823,000. KLP Kapitalforvaltning AS owned about 0.07% of Lamb Weston at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. West Oak Capital LLC lifted its holdings 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 worth $30,000 after buying an additional 274 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the 4th quarter valued at approximately $36,000. Brooklyn Investment Group acquired a new position in Lamb Weston during the third quarter worth $40,000. Finally, Larson Financial Group LLC raised its position in Lamb Weston by 614.4% in the 3rd quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer's stock valued at $45,000 after purchasing an additional 596 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LW shares. Barclays cut their target price on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. Citigroup lowered Lamb Weston from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. JPMorgan Chase & Co. increased their target price on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Jefferies Financial Group lifted their price target on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus decreased their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and a consensus price target of $76.73.

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Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.72% of the company's stock.

Lamb Weston Trading Down 1.8 %

LW traded down $0.96 during mid-day trading on Tuesday, hitting $52.97. The stock had a trading volume of 1,556,264 shares, compared to its average volume of 2,743,655. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The stock's fifty day simple moving average is $56.20 and its 200-day simple moving average is $66.14. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $107.50.

Lamb Weston Dividend Announcement

The company also recently disclosed 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.50%.

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.