UNIVEST FINANCIAL Corp Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

UNIVEST FINANCIAL Corp lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,801 shares of the specialty retailer's stock after selling 17,358 shares during the period. UNIVEST FINANCIAL Corp's holdings in Lamb Weston were worth $1,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LW. Vanguard Group Inc. lifted its holdings in shares of Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after buying an additional 58,066 shares during the period. State Street Corp raised its holdings in shares of Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer's stock valued at $402,791,000 after acquiring an additional 549,812 shares in the last quarter. Boston Partners lifted its stake in Lamb Weston by 26.8% in the fourth 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 during the period. Geode Capital Management LLC lifted its stake in Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock worth $218,598,000 after acquiring an additional 24,097 shares during the period. Finally, Southpoint Capital Advisors LP bought a new position in Lamb Weston during the 3rd quarter worth about $129,480,000. Institutional investors own 89.56% of the company's stock.

Remove Ads

Insiders Place Their Bets

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. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LW has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group upped their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Barclays dropped their target price 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. Sanford C. Bernstein assumed coverage on Lamb Weston in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 price target for the company. Finally, Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $90.00 to $68.00 in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $74.55.

Lamb Weston Stock Down 1.4 %

Lamb Weston stock traded down $0.75 during midday trading on Monday, reaching $53.26. The company's stock had a trading volume of 2,824,946 shares, compared to its average volume of 2,796,487. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $105.55. The stock has a market capitalization of $7.60 billion, a P/E ratio of 21.05, a PEG ratio of 1.40 and a beta of 0.76. 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's 50-day simple moving average is $55.59 and its 200-day simple moving average is $65.81.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.50%.

Lamb Weston 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.