Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,692 shares of the specialty retailer’s stock after selling 971 shares during the quarter. Toronto Dominion Bank’s holdings in Lamb Weston were worth $3,674,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sei Investments Co. grew its position in shares of Lamb Weston by 20.0% in the first quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after purchasing an additional 34,553 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock valued at $4,028,000 after buying an additional 15,364 shares during the period. Empowered Funds LLC purchased a new position in shares of Lamb Weston during the first quarter valued at approximately $810,000. Confluence Investment Management LLC purchased a new position in shares of Lamb Weston during the second quarter valued at approximately $7,937,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Lamb Weston during the first quarter valued at approximately $28,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lamb Weston 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 price of $55.43 per share, with a total value of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.66% of the company’s stock.

Lamb Weston Trading Up 0.5 %

Shares of LW opened at $66.80 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $111.88. The stock has a market cap of $9.65 billion, a PE ratio of 8.92, a P/E/G ratio of 6.18 and a beta of 0.75. The stock’s 50-day moving average is $62.18 and its two-hundred day moving average is $78.18.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share 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 return on equity of 44.06% and a net margin of 11.22%. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a $0.36 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.44 dividend on an annualized basis and a yield of 2.16%. Lamb Weston’s payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Bank of America upped their price objective on shares of Lamb Weston from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a report on Friday, July 26th. Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Citigroup increased their target price on Lamb Weston from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. lowered their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.70.

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.