Level Four Advisory Services LLC Sells 246 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Level Four Advisory Services LLC reduced its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 202,486 shares of the specialty retailer’s stock after selling 246 shares during the period. Level Four Advisory Services LLC’s holdings in Lamb Weston were worth $13,532,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer’s stock valued at $1,112,511,000 after buying an additional 58,066 shares in the last quarter. State Street Corp increased its position in Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after acquiring an additional 549,812 shares during the period. Boston Partners grew its holdings in Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after acquiring an additional 735,901 shares during the period. Geode Capital Management LLC grew its stake in Lamb Weston by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after acquiring an additional 24,097 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Lamb Weston during the 3rd quarter worth about $129,480,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Trading Up 0.4 %

Shares of LW stock opened at $53.93 on Friday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.40 and a beta of 0.76. 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’s 50-day moving average price is $55.85 and its 200-day moving average price is $65.90. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $107.50.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued 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 dividend yield of 2.74%. Lamb Weston’s payout ratio is 58.50%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lamb Weston in a report on Wednesday, March 19th. Barclays lowered their target price on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a report on Monday, December 23rd. Finally, Sanford C. Bernstein started coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and an average target price of $76.73.

Insider Buying and Selling

In related news, Director Robert A. Niblock acquired 3,000 shares of Lamb Weston stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is owned by company insiders.

About Lamb Weston

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.