Lamb Weston Holdings, Inc. (NYSE:LW) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,036 shares of the specialty retailer’s stock after acquiring an additional 10,855 shares during the period. Sei Investments Co. owned 0.08% of Lamb Weston worth $7,755,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LW. Alberta Investment Management Corp purchased a new position in Lamb Weston during the fourth quarter worth approximately $2,641,000. Atria Wealth Solutions Inc. purchased a new position in shares of Lamb Weston in the 4th quarter worth $2,850,000. Leeward Investments LLC MA grew its position in Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after acquiring an additional 45,904 shares during the period. HB Wealth Management LLC increased its stake in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after acquiring an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after purchasing an additional 16,092 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LW. StockNews.com upgraded Lamb Weston to a “sell” rating in a report on Monday, February 24th. JPMorgan Chase & Co. increased their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Stifel Nicolaus reduced their target price on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Barclays lowered their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Finally, Jefferies Financial Group boosted their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.55.

Lamb Weston Price Performance

Shares of NYSE LW opened at $53.95 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $105.55. The business has a 50 day moving average price of $55.73 and a two-hundred day moving average price of $65.88. The firm has a market cap 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 Dividend Announcement

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

About Lamb Weston

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.