Korea Investment CORP Acquires 10,800 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Korea Investment CORP raised its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,288 shares of the specialty retailer’s stock after buying an additional 10,800 shares during the quarter. Korea Investment CORP’s holdings in Lamb Weston were worth $3,227,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LW. West Oak Capital LLC raised its stake in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock worth $30,000 after buying an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston in the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Lamb Weston in the 4th quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $47,000. Finally, Advantage Trust Co purchased a new stake in Lamb Weston in the fourth quarter worth $53,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $53.21 on Wednesday. The business has a 50-day simple moving average of $55.40 and a two-hundred day simple moving average of $65.73. 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 firm has a market cap of $7.59 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $105.31.

Lamb Weston Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio is currently 58.50%.

Wall Street Analyst Weigh In

Several brokerages have commented on LW. Barclays lowered their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $68.00 in a report on Friday, December 20th. Stifel Nicolaus cut their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.55.

Insiders Place Their Bets

In other news, Director Robert A. Niblock bought 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, with a total value 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. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by 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.