Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 10.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,944 shares of the specialty retailer’s stock after purchasing an additional 1,735 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lamb Weston were worth $1,266,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LW. West Oak Capital LLC grew its holdings in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston during the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Lamb Weston in the 4th quarter worth $47,000. Finally, Advantage Trust Co acquired a new position in Lamb Weston in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of LW stock opened at $53.95 on Monday. The firm has a fifty day simple moving average of $55.73 and a 200-day simple moving average of $65.88. The company has a market capitalization of $7.70 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $105.55. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. Lamb Weston’s payout ratio is currently 58.50%.

Wall Street Analysts Forecast Growth

LW has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus reduced their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.55.

Insider Activity

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

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.