Morey & Quinn Wealth Partners LLC Acquires Shares of 6,234 Lamb Weston Holdings, Inc. (NYSE:LW)

Morey & Quinn Wealth Partners LLC bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,234 shares of the specialty retailer's stock, valued at approximately $417,000.

A number of other hedge funds have also made changes to their positions in LW. Vanguard Group Inc. increased its position in Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after purchasing an additional 58,066 shares during the last quarter. State Street Corp increased its holdings 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 worth $402,791,000 after buying an additional 549,812 shares during the last quarter. Boston Partners raised its position in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after acquiring an additional 735,901 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock valued at $218,598,000 after acquiring an additional 24,097 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in Lamb Weston in the third quarter worth approximately $129,480,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 completion of the purchase, the director now owns 26,406 shares of the company's stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LW. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. Sanford C. Bernstein began coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Barclays reduced their price objective on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $74.55.

Lamb Weston Price Performance

NYSE LW traded up $0.05 during trading on Friday, reaching $53.95. 2,720,775 shares of the company traded hands, compared to its average volume of 2,796,373. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55. 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 stock's 50 day moving average price is $55.73 and its two-hundred day moving average price is $65.86. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders 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 yield of 2.74%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.50%.

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.