Amundi decreased its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 25.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 354,311 shares of the specialty retailer's stock after selling 120,888 shares during the quarter. Amundi owned about 0.25% of Lamb Weston worth $21,574,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of LW. Alberta Investment Management Corp bought a new position in Lamb Weston during the 4th quarter worth $2,641,000. Atria Wealth Solutions Inc. bought a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $2,850,000. Leeward Investments LLC MA increased its stake in Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock worth $10,457,000 after acquiring an additional 45,904 shares during the period. HB Wealth Management LLC raised its holdings in Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after acquiring an additional 817 shares in the last quarter. Finally, Nicola Wealth Management LTD. acquired a new stake in shares of Lamb Weston during the 3rd quarter worth $6,474,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on LW shares. Jefferies Financial Group raised their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Sanford C. Bernstein assumed coverage on Lamb Weston in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $85.00 target price for the company. Barclays reduced 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. JPMorgan Chase & Co. boosted their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, Stifel Nicolaus reduced their price objective 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $76.73.
View Our Latest Stock Report on LW
Shares of NYSE LW traded up $2.33 during trading on Friday, reaching $50.98. The company had a trading volume of 3,371,433 shares, compared to its average volume of 2,722,443. The stock has a market cap of $7.27 billion, a P/E ratio of 20.15, a PEG ratio of 1.40 and a beta of 0.76. The company's fifty day moving average price is $57.48 and its 200-day moving average price is $66.51. The company has a quick ratio of 0.53, a current ratio of 1.35 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 $107.50.
Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company earned $1.45 earnings per share. The company's quarterly revenue was down 7.5% compared to the same quarter last year. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Lamb Weston's previous quarterly dividend of $0.36. Lamb Weston's payout ratio is presently 58.50%.
In other news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of $60.94 per share, for a total transaction 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. This represents a 12.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles A. Blixt purchased 1,200 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the purchase, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This trade represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.
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.
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