XTX Topco Ltd Sells 25,996 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

XTX Topco Ltd lessened its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 84.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,764 shares of the specialty retailer’s stock after selling 25,996 shares during the period. XTX Topco Ltd’s holdings in Lamb Weston were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. West Oak Capital LLC lifted its position in shares of 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 purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Lamb Weston during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. bought a new stake in Lamb Weston during the 4th quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Lamb Weston in the 4th quarter valued at about $47,000. Finally, Advantage Trust Co bought a new position in shares of Lamb Weston in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

Lamb Weston stock opened at $52.57 on Friday. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.40 and a beta of 0.48. The stock’s 50 day moving average is $53.42 and its 200-day moving average is $64.20. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. 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 2.82%. Lamb Weston’s payout ratio is presently 58.04%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a “hold” rating in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company dropped their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, StockNews.com raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and a consensus target price of $70.64.

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.