Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Tpg Gp A LLC

Tpg Gp A LLC decreased its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 986,491 shares of the specialty retailer’s stock after selling 122,809 shares during the quarter. Lamb Weston accounts for approximately 1.1% of Tpg Gp A LLC’s portfolio, making the stock its 19th largest position. Tpg Gp A LLC owned about 0.69% of Lamb Weston worth $65,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LW. Principal Financial Group Inc. raised its position in Lamb Weston by 2.4% in the third quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer’s stock valued at $10,744,000 after purchasing an additional 3,927 shares during the period. Park Avenue Securities LLC raised its position in Lamb Weston by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock valued at $595,000 after purchasing an additional 239 shares during the period. Avanza Fonder AB purchased a new stake in Lamb Weston in the fourth quarter valued at approximately $927,000. HB Wealth Management LLC raised its position in Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after purchasing an additional 817 shares during the period. Finally, Liberty One Investment Management LLC increased its position in shares of Lamb Weston by 697.4% during the fourth quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after acquiring an additional 306,343 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

NYSE:LW opened at $53.81 on Monday. The firm has a market capitalization of $7.59 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The business’s fifty day moving average price is $53.03 and its 200 day moving average price is $61.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 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, May 30th. Shareholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.75%. Lamb Weston’s dividend payout ratio is presently 58.04%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LW. StockNews.com raised Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Barclays cut their price objective on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Wells Fargo & Company cut their price objective on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a “hold” rating in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.91.

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.