Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,572 shares of the specialty retailer's stock after selling 15,571 shares during the quarter. Tredje AP fonden's holdings in Lamb Weston were worth $1,041,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. boosted their price target on Lamb Weston from $68.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Sanford C. Bernstein began coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 target price for the company. Finally, StockNews.com upgraded Lamb Weston to a "sell" rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $76.73.

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Lamb Weston Stock Down 0.4 %

LW traded down $0.20 during trading on Wednesday, hitting $52.69. The stock had a trading volume of 1,723,411 shares, compared to its average volume of 2,721,231. The stock has a 50 day simple moving average of $56.82 and a two-hundred day simple moving average of $66.39. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $107.50. The company has a market capitalization of $7.52 billion, a PE ratio of 20.82, a PEG ratio of 1.40 and a beta of 0.76.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The firm's quarterly revenue was down 7.5% compared to the same quarter last year. On average, research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were given a $0.37 dividend. This is a positive change from Lamb Weston's previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, January 31st. Lamb Weston's dividend payout ratio (DPR) is presently 58.50%.

Insider Buying and Selling

In other news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction that occurred on 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 purchase, the director now directly 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 legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles A. Blixt purchased 1,200 shares of the company's stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the purchase, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

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.