Bank of New York Mellon Corp Sells 204,636 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Bank of New York Mellon Corp lessened its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 934,004 shares of the specialty retailer's stock after selling 204,636 shares during the period. Bank of New York Mellon Corp owned approximately 0.65% of Lamb Weston worth $62,419,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. State Street Corp increased its stake in Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock valued at $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lamb Weston by 0.7% during the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock worth $218,598,000 after acquiring an additional 24,097 shares in the last quarter. Clarkston Capital Partners LLC increased its position in shares of Lamb Weston by 108.7% during the third quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer's stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Southpoint Capital Advisors LP bought a new stake in shares of Lamb Weston during the third quarter worth $129,480,000. Finally, Champlain Investment Partners LLC increased its position in shares of Lamb Weston by 31.6% during the third quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer's stock worth $126,309,000 after acquiring an additional 468,190 shares in the last quarter. Institutional investors own 89.56% of the company's stock.

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Insider Transactions at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction dated 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 owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles A. Blixt bought 1,200 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $63.25 per share, with a total value of $75,900.00. Following the purchase, the director now owns 22,982 shares in the company, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LW. 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 report on Monday, December 23rd. Jefferies Financial Group increased their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus reduced their target price on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $81.00.

Lamb Weston Stock Performance

LW stock traded up $1.19 during trading hours on Friday, reaching $52.89. The stock had a trading volume of 2,931,693 shares, compared to its average volume of 2,695,869. The stock has a market capitalization of $7.54 billion, a PE ratio of 20.91, 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 has a 50-day simple moving average of $58.70 and a 200 day simple moving average of $66.83. Lamb Weston Holdings, Inc. has a fifty-two week low of $49.28 and a fifty-two week high of $107.50.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly 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 was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.45 EPS. Analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Friday, January 31st. This is a boost from Lamb Weston's previous quarterly dividend of $0.36. Lamb Weston's dividend payout ratio (DPR) is currently 58.50%.

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.