Wells Fargo & Company MN Sells 15,340 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Wells Fargo & Company MN lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,351 shares of the specialty retailer's stock after selling 15,340 shares during the quarter. Wells Fargo & Company MN owned about 0.23% of Lamb Weston worth $22,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its position in Lamb Weston by 9.5% during the third quarter. MML Investors Services LLC now owns 35,181 shares of the specialty retailer's stock valued at $2,278,000 after purchasing an additional 3,061 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Lamb Weston by 14.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 43,449 shares of the specialty retailer's stock valued at $2,813,000 after buying an additional 5,349 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $218,598,000 after acquiring an additional 24,097 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in Lamb Weston by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer's stock worth $241,000 after acquiring an additional 186 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Lamb Weston by 49.5% in the third quarter. Toronto Dominion Bank now owns 65,331 shares of the specialty retailer's stock worth $4,230,000 after acquiring an additional 21,639 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LW shares. Wells Fargo & Company dropped their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Citigroup cut Lamb Weston from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Barclays cut their target price 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. Finally, StockNews.com raised shares of Lamb Weston to a "sell" rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $71.27.

Lamb Weston Stock Up 0.1 %

LW stock traded up $0.05 during trading on Friday, reaching $53.45. 1,458,887 shares of the stock were exchanged, compared to its average volume of 2,679,433. The firm has a market cap of $7.54 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51. The firm's 50 day moving average is $53.96 and its 200 day moving average is $64.72. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. As a group, research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed 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 2.77%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

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.