Lamb Weston Holdings, Inc. (NYSE:LW) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,646,887 shares of the specialty retailer's stock after purchasing an additional 58,066 shares during the period. Vanguard Group Inc. owned about 11.67% of Lamb Weston worth $1,112,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position 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 worth $402,791,000 after acquiring an additional 549,812 shares during the period. Boston Partners increased its holdings in 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 purchasing an additional 735,901 shares during the period. Geode Capital Management LLC increased its holdings in Lamb Weston by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer's stock worth $218,598,000 after purchasing an additional 24,097 shares during the period. Southpoint Capital Advisors LP acquired a new stake in Lamb Weston in the 3rd quarter valued at about $129,480,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after buying an additional 16,092 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

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Lamb Weston Stock Performance

LW traded down $0.54 during trading on Tuesday, hitting $52.77. 2,796,301 shares of the stock were exchanged, compared to its average volume of 2,796,847. The firm has a market capitalization of $7.53 billion, a P/E ratio of 20.86, a PEG ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55. The stock has a fifty day moving average price of $55.59 and a two-hundred day moving average price of $65.81. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.50%.

Insiders Place Their Bets

In related news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now owns 26,406 shares of the company's stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LW has been the topic of several analyst reports. Stifel Nicolaus reduced their target price 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. Barclays dropped 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 report on Monday, December 23rd. Citigroup cut shares of Lamb Weston from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Sanford C. Bernstein assumed coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 target price on the stock. Finally, Jefferies Financial Group upped their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.55.

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.