Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by PGGM Investments

PGGM Investments decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,549 shares of the specialty retailer’s stock after selling 10,286 shares during the quarter. PGGM Investments’ holdings in Lamb Weston were worth $5,788,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LW. Robeco Institutional Asset Management B.V. increased its stake in Lamb Weston by 28.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 104,527 shares of the specialty retailer’s stock worth $9,665,000 after buying an additional 23,085 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Lamb Weston by 84.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after purchasing an additional 17,344 shares in the last quarter. Lmcg Investments LLC grew its position in shares of Lamb Weston by 2.2% in the third quarter. Lmcg Investments LLC now owns 13,946 shares of the specialty retailer’s stock valued at $1,289,000 after purchasing an additional 304 shares in the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $3,302,000. Finally, Ingalls & Snyder LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on LW shares. Bank of America lowered their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Barclays lowered their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company decreased their price target on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus decreased their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, BNP Paribas assumed coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.40.

Lamb Weston Stock Up 0.4 %

Shares of NYSE LW opened at $83.85 on Monday. The stock has a market cap of $12.11 billion, a P/E ratio of 11.19, a PEG ratio of 1.37 and a beta of 0.72. The business’s fifty day simple moving average is $95.51 and its 200-day simple moving average is $98.51. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a 12-month low of $77.41 and a 12-month high of $117.38.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s payout ratio is 19.23%.

Lamb Weston Company 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.