Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 47.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,134 shares of the specialty retailer’s stock after selling 10,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Lamb Weston were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Lamb Weston by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock valued at $1,778,533,000 after purchasing an additional 60,601 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Lamb Weston by 15.1% during the 4th quarter. Franklin Resources Inc. now owns 1,842,751 shares of the specialty retailer’s stock valued at $199,183,000 after acquiring an additional 241,848 shares during the period. Champlain Investment Partners LLC raised its holdings in Lamb Weston by 11.7% in the 1st quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after purchasing an additional 129,120 shares during the period. Artemis Investment Management LLP boosted its position in Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock worth $131,035,000 after purchasing an additional 663,985 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Lamb Weston by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 998,572 shares of the specialty retailer’s stock valued at $107,936,000 after buying an additional 27,253 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen purchased 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LW. Citigroup cut their price target on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays reduced their price objective on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. TD Cowen cut shares of Lamb Weston from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $61.00 in a research note on Thursday, July 25th. Wells Fargo & Company reduced their target price on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $64.76 on Tuesday. The business’s fifty day simple moving average is $64.43 and its 200-day simple moving average is $80.49. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The firm has a market cap of $9.30 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88.

Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) 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.