KLP Kapitalforvaltning AS Acquires Shares of 102,100 Lamb Weston Holdings, Inc. (NYSE:LW)

KLP Kapitalforvaltning AS bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 102,100 shares of the specialty retailer’s stock, valued at approximately $6,823,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its position in Lamb Weston by 10.3% during the fourth quarter. Sei Investments Co. now owns 116,036 shares of the specialty retailer’s stock valued at $7,755,000 after purchasing an additional 10,855 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Lamb Weston by 33.3% during the 4th quarter. American Century Companies Inc. now owns 51,293 shares of the specialty retailer’s stock worth $3,428,000 after purchasing an additional 12,812 shares in the last quarter. Trillium Asset Management LLC lifted its holdings in shares of Lamb Weston by 13.7% during the 4th quarter. Trillium Asset Management LLC now owns 224,023 shares of the specialty retailer’s stock valued at $14,972,000 after buying an additional 26,965 shares during the last quarter. Enhancing Capital LLC bought a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $283,000. Finally, Xponance Inc. increased its holdings in Lamb Weston by 2.4% in the fourth quarter. Xponance Inc. now owns 24,268 shares of the specialty retailer’s stock worth $1,622,000 after buying an additional 579 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LW shares. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a research report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price on the stock. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Finally, Barclays lowered their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.73.

Lamb Weston Stock Performance

LW opened at $53.93 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The stock’s 50 day moving average price is $56.20 and its two-hundred day moving average price is $66.14. The firm has a market capitalization of $7.69 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $107.50.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

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.