Lamb Weston Holdings, Inc. (NYSE:LW) is Platinum Investment Management Ltd.'s 9th Largest Position

Platinum Investment Management Ltd. reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,002,213 shares of the specialty retailer's stock after selling 65,016 shares during the quarter. Lamb Weston comprises about 3.9% of Platinum Investment Management Ltd.'s portfolio, making the stock its 9th biggest position. Platinum Investment Management Ltd. owned 0.70% of Lamb Weston worth $66,978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LW. West Oak Capital LLC raised its stake in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after buying an additional 274 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Lamb Weston in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new position in shares of Lamb Weston in the 4th quarter worth $36,000. Prospera Private Wealth LLC purchased a new stake in shares of Lamb Weston during the 3rd quarter worth $39,000. Finally, Brooklyn Investment Group bought a new stake in Lamb Weston during the third quarter valued at about $40,000. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Performance

Shares of NYSE:LW traded up $0.41 during trading on Friday, hitting $53.16. The stock had a trading volume of 4,602,533 shares, compared to its average volume of 2,742,398. The stock has a 50-day simple moving average of $56.34 and a two-hundred day simple moving average of $66.17. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $107.50. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

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Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The business's 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 fiscal year.

Lamb Weston Announces Dividend

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 dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.78%. Lamb Weston's dividend payout ratio is currently 58.50%.

Insider Buying and Selling at Lamb Weston

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 purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the acquisition, the director now directly owns 26,406 shares in the company, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles A. Blixt bought 1,200 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $63.25 per share, with a total value of $75,900.00. Following the completion of the purchase, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This trade represents a 5.51 % 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 brokerages have commented on LW. Citigroup lowered shares of Lamb Weston from a "buy" rating to a "neutral" rating and decreased their price target for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a report on Thursday, December 12th. They issued a "hold" rating and a $81.00 price target on the stock. Barclays reduced their price target on Lamb Weston from $87.00 to $69.00 and set an "overweight" rating on the stock in a research report on Monday, December 23rd. Finally, Sanford C. Bernstein initiated coverage on Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $76.73.

About Lamb Weston

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.