Koss Olinger Consulting LLC Sells 17,606 Shares of Lamb Weston $LW

Koss Olinger Consulting LLC trimmed its position in shares of Lamb Weston (NYSE:LW) by 54.6% during the 4th quarter, HoldingsChannel reports. The fund owned 14,653 shares of the specialty retailer’s stock after selling 17,606 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Lamb Weston were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. AlphaQuest LLC increased its stake in Lamb Weston by 115.5% during the third quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 239 shares during the period. Hantz Financial Services Inc. increased its stake in Lamb Weston by 380.7% during the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 571 shares during the period. Eagle Bay Advisors LLC bought a new position in Lamb Weston during the fourth quarter valued at about $48,000. Stance Capital LLC bought a new position in Lamb Weston during the third quarter valued at about $51,000. Finally, Tema Etfs LLC bought a new position in Lamb Weston during the fourth quarter valued at about $51,000. 89.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LW. JPMorgan Chase & Co. lowered their price target on Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. Stifel Nicolaus lowered their price target on Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Zacks Research upgraded Lamb Weston from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on Lamb Weston from $54.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.82.

Lamb Weston Trading Down 0.7%

LW stock opened at $43.21 on Friday. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The firm has a market cap of $5.97 billion, a P/E ratio of 20.19, a P/E/G ratio of 6.24 and a beta of 0.47. The business’s 50 day moving average is $42.37 and its 200-day moving average is $46.78. The company has a current ratio of 1.46, a quick ratio of 0.69 and a debt-to-equity ratio of 1.99.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.11. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Lamb Weston will post 2.85 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, May 8th. Lamb Weston’s dividend payout ratio is currently 71.03%.

Insider Activity at Lamb Weston

In related news, Director Jana Partners Management, Lp acquired 50,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were bought at an average cost of $43.19 per share, for a total transaction of $2,159,500.00. Following the purchase, the director owned 5,398,980 shares in the company, valued at approximately $233,181,946.20. This trade represents a 0.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter J. Bensen acquired 5,000 shares of the stock in a transaction dated Monday, April 6th. The stock was bought at an average price of $39.45 per share, for a total transaction of $197,250.00. Following the completion of the purchase, the director owned 17,204 shares in the company, valued at approximately $678,697.80. This trade represents a 40.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 391,000 shares of company stock worth $16,270,790. Corporate insiders own 0.29% of the company’s stock.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.