Toronto Dominion Bank Sells 6,705 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Toronto Dominion Bank lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,626 shares of the specialty retailer’s stock after selling 6,705 shares during the quarter. Toronto Dominion Bank’s holdings in Lamb Weston were worth $3,918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LW. Park Avenue Securities LLC boosted its holdings in Lamb Weston by 2.8% during the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock worth $595,000 after purchasing an additional 239 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Lamb Weston in the fourth quarter valued at about $203,000. SG Americas Securities LLC raised its position in shares of Lamb Weston by 13.5% in the fourth quarter. SG Americas Securities LLC now owns 24,958 shares of the specialty retailer’s stock valued at $1,668,000 after purchasing an additional 2,970 shares during the period. Fifth Third Bancorp raised its position in shares of Lamb Weston by 6.5% in the fourth quarter. Fifth Third Bancorp now owns 9,306 shares of the specialty retailer’s stock valued at $622,000 after purchasing an additional 564 shares during the period. Finally, Swedbank AB increased its position in Lamb Weston by 4.9% during the fourth quarter. Swedbank AB now owns 52,418 shares of the specialty retailer’s stock worth $3,503,000 after acquiring an additional 2,439 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.8%

Lamb Weston stock opened at $51.00 on Friday. 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 $89.51. The firm’s fifty day moving average is $53.14 and its 200 day moving average is $61.02. The company has a market capitalization of $7.20 billion, a PE ratio of 20.16, a PEG ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.90%. Lamb Weston’s payout ratio is 58.04%.

Analyst Upgrades and Downgrades

LW has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Wall Street Zen raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Barclays reduced their target price on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Finally, Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a “hold” rating in a report on Thursday, April 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.91.

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.