Okabena Investment Services Inc. Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Okabena Investment Services Inc. bought a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 10,249 shares of the specialty retailer's stock, valued at approximately $685,000.

A number of other large investors have also modified their holdings of the business. Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston in the third quarter valued at about $129,480,000. Norges Bank acquired a new stake in shares of Lamb Weston during the 4th quarter valued at approximately $96,736,000. Boston Partners boosted its stake in shares of Lamb Weston by 26.8% during the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after acquiring an additional 735,901 shares in the last quarter. State Street Corp grew its holdings in shares of Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock worth $402,791,000 after acquiring an additional 549,812 shares during the period. Finally, Liberty One Investment Management LLC increased its stake in Lamb Weston by 697.4% in the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock valued at $23,408,000 after purchasing an additional 306,343 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Barclays lowered 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. Stifel Nicolaus reduced their price target on shares of Lamb Weston from $80.00 to $68.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and a consensus price target of $74.55.

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Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.72% of the company's stock.

Lamb Weston Trading Down 0.2 %

NYSE:LW traded down $0.09 during mid-day trading on Tuesday, reaching $53.21. The company's stock had a trading volume of 4,601,199 shares, compared to its average volume of 2,803,648. 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 market cap of $7.59 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.40 and a beta of 0.76. The company's fifty day simple moving average is $55.59 and its two-hundred day simple moving average is $65.81. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $105.55.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.78%. Lamb Weston's dividend payout ratio is presently 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.