Clearbridge Investments LLC Has $1.37 Million Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Clearbridge Investments LLC cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 21.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,276 shares of the specialty retailer’s stock after selling 4,467 shares during the quarter. Clearbridge Investments LLC’s holdings in Lamb Weston were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of LW. Avantax Advisory Services Inc. raised its stake in shares of Lamb Weston by 3.7% in the first quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares during the period. Somerset Trust Co increased its holdings in Lamb Weston by 4.5% in the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 145 shares during the last quarter. Camarda Financial Advisors LLC raised its stake in Lamb Weston by 0.9% in the 1st quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Lamb Weston by 31.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 655 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 158 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its position in Lamb Weston by 1.2% during the first quarter. Summit Financial Wealth Advisors LLC now owns 13,556 shares of the specialty retailer’s stock worth $1,444,000 after purchasing an additional 161 shares during the period. Institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling

In other news, Director William G. Jurgensen purchased 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the transaction, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.66% of the stock is owned by company insiders.

Lamb Weston Price Performance

Shares of NYSE LW opened at $68.85 on Friday. The stock’s 50-day simple moving average is $62.37 and its two-hundred day simple moving average is $77.09. Lamb Weston Holdings, Inc. has a twelve month low of $52.99 and a twelve month high of $111.88. The firm has a market capitalization of $9.94 billion, a P/E ratio of 9.19, a P/E/G ratio of 6.18 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 (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business earned $1.63 earnings per share. Lamb Weston’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analysts Set New Price Targets

Several analysts have recently issued reports on LW shares. Barclays boosted their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen increased their target price on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Consumer Edge cut Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. The Goldman Sachs Group decreased their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Citigroup raised their target price on Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.40.

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.