Weik Capital Management Sells 450 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Weik Capital Management decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.4% during the fourth quarter, Holdings Channel reports. The fund owned 12,700 shares of the specialty retailer’s stock after selling 450 shares during the period. Weik Capital Management’s holdings in Lamb Weston were worth $849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LW. Southpoint Capital Advisors LP bought a new stake in Lamb Weston during the third quarter worth about $129,480,000. Norges Bank bought a new stake in shares of Lamb Weston in the 4th quarter worth approximately $96,736,000. Boston Partners grew its stake in shares of Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock worth $232,330,000 after buying an additional 735,901 shares during the last quarter. State Street Corp increased its position in Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after buying an additional 549,812 shares in the last quarter. Finally, Liberty One Investment Management LLC raised its stake in 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 valued at $23,408,000 after buying an additional 306,343 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

LW has been the topic of a number of recent research reports. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lamb Weston in a research report on Wednesday, March 19th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. Jefferies Financial Group upped their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.73.

Lamb Weston Stock Up 0.4 %

Lamb Weston stock opened at $53.93 on Friday. The stock has a market cap of $7.69 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a fifty day moving average of $55.85 and a 200 day moving average of $65.90. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $107.50.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s payout ratio is 58.50%.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

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.