State Treasurer State of Michigan lowered its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,900 shares of the specialty retailer’s stock after selling 12,300 shares during the period. State Treasurer State of Michigan’s holdings in Lamb Weston were worth $3,082,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LW. Advisors Asset Management Inc. grew its position in Lamb Weston by 62.4% during the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 151 shares during the period. Timber Creek Capital Management LLC lifted its stake in shares of Lamb Weston by 143.5% during the fourth quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 310 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Lamb Weston by 1,178.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 589 shares in the last quarter. Vectors Research Management LLC acquired a new position in shares of Lamb Weston in the third quarter worth about $106,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in shares of Lamb Weston in the third quarter worth about $158,000. 81.38% of the stock is owned by institutional investors and hedge funds.

LW has been the topic of several recent analyst reports. Barclays boosted their price target on Lamb Weston from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, January 7th. Bank of America cut Lamb Weston from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $85.00 in a research note on Thursday, November 15th. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the company a “buy” rating in a research note on Friday, January 25th. Stifel Nicolaus upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, January 22nd. Finally, ValuEngine cut Lamb Weston from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Lamb Weston has a consensus rating of “Hold” and a consensus target price of $77.14.

LW stock traded down $0.27 on Monday, reaching $70.35. The company’s stock had a trading volume of 158,575 shares, compared to its average volume of 1,433,575. Lamb Weston Holdings Inc has a 52 week low of $52.92 and a 52 week high of $83.86. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.93 and a beta of -0.14.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The business had revenue of $911.40 million during the quarter, compared to analyst estimates of $897.08 million. During the same period in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts forecast that Lamb Weston Holdings Inc will post 3.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 31st. Lamb Weston’s dividend payout ratio is 30.08%.

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About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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