Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,337,763 shares of the specialty retailer’s stock after selling 4,262 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Lamb Weston were worth $89,403,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LW. Groupama Asset Managment grew its stake in Lamb Weston by 20.9% during the fourth quarter. Groupama Asset Managment now owns 11,950 shares of the specialty retailer’s stock worth $776,000 after buying an additional 2,066 shares during the period. Geode Capital Management LLC increased its holdings in Lamb Weston by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer’s stock valued at $229,065,000 after purchasing an additional 48,548 shares in the last quarter. National Bank of Canada FI raised its position in Lamb Weston by 14.6% in the fourth quarter. National Bank of Canada FI now owns 70,287 shares of the specialty retailer’s stock valued at $4,697,000 after purchasing an additional 8,952 shares during the period. Rodgers Brothers Inc. lifted its stake in shares of Lamb Weston by 874.4% during the fourth quarter. Rodgers Brothers Inc. now owns 138,371 shares of the specialty retailer’s stock worth $9,247,000 after purchasing an additional 124,170 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Lamb Weston by 8.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,002 shares of the specialty retailer’s stock valued at $334,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $59.11 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 23.36, 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 business has a 50 day simple moving average of $55.22 and a 200-day simple moving average of $65.57.

Lamb Weston (NYSE:LW) last issued its 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. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.50%. Lamb Weston’s payout ratio is currently 58.50%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LW. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group upped their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $68.00 in a report on Friday, December 20th. StockNews.com upgraded Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Finally, Wells Fargo & Company cut their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.09.

Insider Activity

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

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.