IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 2,429 Shares of Lamb Weston $LW

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in shares of Lamb Weston (NYSE:LW) by 4.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,588 shares of the specialty retailer’s stock after selling 2,429 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Lamb Weston were worth $2,882,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LW. American National Bank & Trust bought a new position in Lamb Weston in the second quarter valued at approximately $25,000. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Lamb Weston in the first quarter valued at $28,000. ST Germain D J Co. Inc. raised its position in Lamb Weston by 64.2% during the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 210 shares in the last quarter. Finally, Ameriflex Group Inc. grew its position in shares of Lamb Weston by 407.7% in the 2nd quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 477 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LW shares. BNP Paribas Exane boosted their price target on Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Cfra Research upgraded shares of Lamb Weston to a “hold” rating in a research report on Thursday, October 2nd. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and an average price target of $65.70.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $66.56 on Tuesday. The firm has a 50 day moving average of $59.23 and a 200-day moving average of $55.36. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $9.28 billion, a PE ratio of 31.85, a PEG ratio of 4.40 and a beta of 0.52.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The business had revenue of $1.15 billion for the quarter. On average, equities research analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.2%. Lamb Weston’s payout ratio is presently 70.81%.

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.