Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by SL Advisors LLC

SL Advisors LLC cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,269 shares of the specialty retailer’s stock after selling 247 shares during the period. SL Advisors LLC’s holdings in Lamb Weston were worth $147,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Insight Wealth Strategies LLC lifted its position in shares of Lamb Weston by 6.5% during the 3rd quarter. Insight Wealth Strategies LLC now owns 45,538 shares of the specialty retailer’s stock worth $2,948,000 after buying an additional 2,775 shares during the last quarter. Fulton Bank N.A. grew its position in shares of Lamb Weston by 4.6% during the third quarter. Fulton Bank N.A. now owns 4,592 shares of the specialty retailer’s stock worth $297,000 after acquiring an additional 201 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Lamb Weston by 33.0% in the 3rd quarter. Diversified Trust Co now owns 9,711 shares of the specialty retailer’s stock valued at $629,000 after acquiring an additional 2,408 shares during the period. GAMMA Investing LLC boosted its stake in Lamb Weston by 188.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,100 shares of the specialty retailer’s stock worth $71,000 after purchasing an additional 718 shares during the period. Finally, Czech National Bank increased its stake in Lamb Weston by 6.4% in the third quarter. Czech National Bank now owns 29,267 shares of the specialty retailer’s stock valued at $1,895,000 after purchasing an additional 1,752 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LW has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Lamb Weston from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Citigroup lifted their target price on Lamb Weston from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Bank of America increased their price target on Lamb Weston from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Barclays boosted their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company increased their price target on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus target price of $77.67.

Insider Buying and Selling at Lamb Weston

In other news, Director William G. Jurgensen acquired 10,000 shares of Lamb Weston stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is owned by insiders.

Lamb Weston Stock Up 2.7 %

LW opened at $71.11 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 6.18 and a beta of 0.75. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The business’s fifty day moving average is $62.86 and its two-hundred day moving average is $76.45.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 earnings per share. 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. Investors of record on Friday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is presently 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.