Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,050 shares of the specialty retailer’s stock after selling 255 shares during the period. Shell Asset Management Co.’s holdings in Lamb Weston were worth $1,022,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Lamb Weston by 1.2% during the first quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock valued at $963,653,000 after acquiring an additional 198,274 shares during the period. BlackRock Inc. boosted its holdings in Lamb Weston by 4.6% during the second quarter. BlackRock Inc. now owns 11,135,707 shares of the specialty retailer’s stock valued at $1,280,050,000 after acquiring an additional 494,634 shares during the period. State Street Corp boosted its holdings in Lamb Weston by 2.7% during the second quarter. State Street Corp now owns 5,827,657 shares of the specialty retailer’s stock valued at $669,889,000 after acquiring an additional 154,165 shares during the period. Geode Capital Management LLC boosted its holdings in Lamb Weston by 2.0% during the second quarter. Geode Capital Management LLC now owns 3,103,523 shares of the specialty retailer’s stock valued at $356,012,000 after acquiring an additional 59,604 shares during the period. Finally, Invesco Ltd. boosted its holdings in Lamb Weston by 13.1% during the first quarter. Invesco Ltd. now owns 2,025,493 shares of the specialty retailer’s stock valued at $121,348,000 after acquiring an additional 235,014 shares during the period. 85.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LW shares. Stifel Nicolaus upped their price target on shares of Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, January 5th. Citigroup assumed coverage on shares of Lamb Weston in a research note on Thursday, February 1st. They issued a “buy” rating and a $132.00 target price for the company. StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Wells Fargo & Company initiated coverage on shares of Lamb Weston in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.11.

Get Our Latest Stock Analysis on Lamb Weston

Lamb Weston Stock Performance

NYSE:LW opened at $100.83 on Friday. Lamb Weston Holdings, Inc. has a 12-month low of $81.25 and a 12-month high of $117.38. The company has a quick ratio of 0.57, a current ratio of 1.29 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $14.56 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72. The firm has a 50-day moving average price of $105.25 and a 200 day moving average price of $98.87.

Lamb Weston (NYSE:LWGet Free Report) last posted its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a net margin of 17.71% and a return on equity of 63.19%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $1.28 earnings per share. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.94 earnings per share for the current fiscal year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.36 per share. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.43%. Lamb Weston’s dividend payout ratio (DPR) is presently 18.73%.

Lamb Weston Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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