Federated Hermes Inc. Decreases Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Federated Hermes Inc. reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,119 shares of the specialty retailer’s stock after selling 93,280 shares during the quarter. Federated Hermes Inc. owned 0.10% of Lamb Weston worth $16,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC raised its stake in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 114 shares in the last quarter. Private Trust Co. NA raised its position in shares of Lamb Weston by 17.6% during the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 162 shares during the last quarter. Desjardins Global Asset Management Inc. lifted its stake in Lamb Weston by 537.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 956 shares in the last quarter. Finally, ZRC Wealth Management LLC acquired a new stake in Lamb Weston during the 4th quarter valued at $129,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Shares of LW stock opened at $82.12 on Tuesday. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The company has a 50 day moving average price of $97.02 and a 200 day moving average price of $98.79. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is currently 19.23%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Citigroup reduced their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Bank of America lowered their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus decreased their target price on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, StockNews.com downgraded Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.40.

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.