Prudential PLC reduced its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 73.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,630 shares of the specialty retailer's stock after selling 12,872 shares during the period. Prudential PLC's holdings in Lamb Weston were worth $309,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Lamb Weston by 0.4% during 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 period. State Street Corp boosted its stake in shares of Lamb Weston by 9.7% during the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock valued at $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Boston Partners increased its holdings 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 buying an additional 735,901 shares during the period. Geode Capital Management LLC lifted its holdings in Lamb Weston by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock worth $229,065,000 after buying an additional 48,548 shares during the period. Finally, Norges Bank bought a new stake in Lamb Weston during the 4th quarter valued at $96,736,000. 89.56% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on LW shares. Jefferies Financial Group decreased their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday. JPMorgan Chase & Co. increased their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. StockNews.com raised shares of Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and decreased their target price for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. One investment 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 price target of $71.27.
Read Our Latest Analysis on Lamb Weston
Lamb Weston Stock Performance
Lamb Weston stock traded up $1.15 during trading hours on Monday, hitting $55.89. 185,460 shares of the stock traded hands, compared to its average volume of 2,689,032. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.40 and a beta of 0.48. 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 firm's 50 day moving average price is $54.33 and its 200-day moving average price is $65.03.
Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.
Lamb Weston Dividend Announcement
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.65%. Lamb Weston's dividend payout ratio is presently 58.04%.
About Lamb Weston
(
Free Report)
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.
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