M&T Bank Corp Cuts Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

M&T Bank Corp reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 57.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,679 shares of the specialty retailer's stock after selling 15,799 shares during the period. M&T Bank Corp's holdings in Lamb Weston were worth $756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LW. City State Bank increased its position in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in Lamb Weston by 0.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer's stock worth $1,214,000 after buying an additional 156 shares during the last quarter. Bridges Investment Management Inc. raised its position in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer's stock worth $430,000 after acquiring an additional 181 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Lamb Weston by 1.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer's stock worth $1,125,000 after acquiring an additional 188 shares during the period. Finally, Fulton Bank N.A. boosted its stake in Lamb Weston by 4.6% in the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer's stock valued at $297,000 after acquiring an additional 201 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Trading Up 0.1 %

Shares of Lamb Weston stock traded up $0.07 during midday trading on Tuesday, reaching $82.28. 3,057,806 shares of the company's stock traded hands, compared to its average volume of 2,471,551. The company has a market cap of $11.73 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.70. The stock has a 50 day moving average of $76.74 and a 200-day moving average of $72.83. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the business posted $1.63 earnings per share. Lamb Weston's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Friday, November 1st. Lamb Weston's dividend payout ratio is 33.80%.

Analyst Upgrades and Downgrades

LW has been the subject of a number of research reports. Citigroup increased their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Barclays lifted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. Sanford C. Bernstein started coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Jefferies Financial Group boosted their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $84.25.

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.