Marathon Trading Investment Management LLC Takes $796,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Marathon Trading Investment Management LLC bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,906 shares of the specialty retailer's stock, valued at approximately $796,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP boosted its stake in Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after acquiring an additional 170 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Lamb Weston by 5.4% in the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer's stock valued at $241,000 after buying an additional 186 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after buying an additional 227 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Lamb Weston by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer's stock valued at $595,000 after buying an additional 239 shares in the last quarter. Finally, West Oak Capital LLC lifted its stake in shares of Lamb Weston by 155.7% in the fourth 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. 89.56% of the stock is owned by institutional investors.

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Lamb Weston Stock Performance

NYSE LW traded down $0.95 during trading hours on Tuesday, reaching $51.52. 2,071,979 shares of the company were exchanged, compared to its average volume of 2,700,149. Lamb Weston Holdings, Inc. has a 1 year low of $49.28 and a 1 year high of $107.50. The business's 50 day simple moving average is $58.45 and its 200-day simple moving average is $66.83. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $7.35 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.40 and a beta of 0.76.

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

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Lamb Weston's previous quarterly dividend of $0.36. Lamb Weston's dividend payout ratio (DPR) is 58.50%.

Insiders Place Their Bets

In other Lamb Weston news, Director Charles A. Blixt bought 1,200 shares of the business's stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the transaction, the director now directly owns 22,982 shares of the company's stock, valued at $1,453,611.50. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LW. StockNews.com raised shares of Lamb Weston to a "sell" rating in a research note on Monday, February 24th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price objective on the stock. Barclays dropped their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, Lamb Weston presently has an average rating of "Hold" and a consensus price target of $81.00.

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.