Tredje AP fonden Sells 488 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Tredje AP fonden reduced its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,143 shares of the specialty retailer’s stock after selling 488 shares during the quarter. Tredje AP fonden’s holdings in Lamb Weston were worth $2,619,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LW. Private Advisor Group LLC grew its holdings in Lamb Weston by 27.1% during the 4th quarter. Private Advisor Group LLC now owns 3,043 shares of the specialty retailer’s stock worth $329,000 after acquiring an additional 649 shares during the period. Avantax Advisory Services Inc. increased its holdings in Lamb Weston by 9.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,671 shares of the specialty retailer’s stock worth $397,000 after purchasing an additional 308 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Lamb Weston by 25.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 34,461 shares of the specialty retailer’s stock valued at $3,725,000 after buying an additional 7,028 shares during the period. Brown Advisory Inc. bought a new position in shares of Lamb Weston during the 4th quarter worth approximately $234,000. Finally, Norges Bank acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $93,553,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday. Citigroup cut their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. decreased their target price on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Consumer Edge downgraded Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and reduced their price objective for the company from $115.00 to $60.00 in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $83.20.

Insiders Place Their Bets

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.66% of the stock is currently owned by insiders.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $65.61 on Friday. The company has a market cap of $9.47 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 5.96 and a beta of 0.75. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The business has a 50 day moving average price of $63.70 and a 200-day moving average price of $80.03.

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

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Lamb Weston 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.