Lamb Weston Holdings Inc (LW) Shares Sold by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. lessened its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,373 shares of the specialty retailer’s stock after selling 14,900 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lamb Weston were worth $7,303,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Lamb Weston by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 361,362 shares of the specialty retailer’s stock worth $15,915,000 after purchasing an additional 18,367 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Lamb Weston by 3.9% in the 3rd quarter. Nationwide Fund Advisors now owns 320,216 shares of the specialty retailer’s stock worth $15,015,000 after purchasing an additional 12,056 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Lamb Weston by 1.0% in the 3rd quarter. First Trust Advisors LP now owns 113,354 shares of the specialty retailer’s stock worth $5,315,000 after purchasing an additional 1,079 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Lamb Weston in the 3rd quarter worth approximately $714,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Lamb Weston by 9.7% in the 3rd quarter. Victory Capital Management Inc. now owns 293,714 shares of the specialty retailer’s stock worth $13,773,000 after purchasing an additional 26,075 shares during the last quarter. 79.66% of the stock is currently owned by institutional investors.
Shares of Lamb Weston Holdings Inc (LW) opened at $57.33 on Friday. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55. The firm has a market capitalization of $8,383.02, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. Lamb Weston Holdings Inc has a 12 month low of $40.61 and a 12 month high of $60.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were paid a dividend of $0.1913 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.77 annualized dividend and a yield of 1.33%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is presently 35.19%.
LW has been the topic of several recent research reports. Jefferies Group raised their price target on Lamb Weston to $64.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Thursday, January 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.14.
In other Lamb Weston news, Director Peter J. Bensen bought 5,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were purchased at an average price of $58.18 per share, with a total value of $290,900.00. Following the purchase, the director now directly owns 1,935 shares of the company’s stock, valued at $112,578.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is owned by insiders.
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Lamb Weston Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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