Amundi Sells 120,888 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Amundi trimmed its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 25.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 354,311 shares of the specialty retailer's stock after selling 120,888 shares during the quarter. Amundi owned 0.25% of Lamb Weston worth $21,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its stake 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 buying an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Lamb Weston in the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston during the 4th quarter worth $36,000. Prospera Private Wealth LLC acquired a new position in shares of Lamb Weston during the 3rd quarter worth $39,000. Finally, Brooklyn Investment Group acquired a new position in shares of Lamb Weston during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

LW traded up $2.72 on Monday, hitting $53.67. 2,094,858 shares of the stock traded hands, compared to its average volume of 2,725,229. The business has a fifty day moving average price of $57.19 and a two-hundred day moving average price of $66.50. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $107.50. The firm has a market capitalization of $7.66 billion, a PE ratio of 21.21, a P/E/G ratio of 1.40 and a beta of 0.76.

Remove Ads

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

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, January 31st were paid a dividend of $0.37 per share. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. Lamb Weston's dividend payout ratio (DPR) is currently 58.50%.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent analyst 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 research report on Tuesday, December 17th. JPMorgan Chase & Co. raised their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Lamb Weston to a "sell" rating in a report on Monday, February 24th. Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and decreased their price target for the company from $90.00 to $68.00 in a report on Friday, December 20th. Finally, Barclays dropped their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and a consensus price target of $76.73.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock acquired 3,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were purchased at an average cost 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles A. Blixt acquired 1,200 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the transaction, the director now 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 disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

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.