Cullen Frost Bankers Inc. Has $36,000 Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Cullen Frost Bankers Inc. cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 61.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333 shares of the specialty retailer’s stock after selling 525 shares during the period. Cullen Frost Bankers Inc.’s holdings in Lamb Weston were worth $36,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC increased its position in Lamb Weston by 113.4% during the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Lamb Weston during the fourth quarter worth approximately $51,000. Benjamin F. Edwards & Company Inc. boosted its stake in Lamb Weston by 864.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 432 shares during the period. Covestor Ltd increased its position in Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock worth $120,000 after buying an additional 971 shares during the period. Finally, Desjardins Global Asset Management Inc. lifted its holdings in shares of Lamb Weston by 537.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock worth $123,000 after buying an additional 956 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 1.6 %

Lamb Weston stock opened at $85.16 on Monday. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.38 and a beta of 0.79. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The firm has a 50 day moving average price of $91.94 and a two-hundred day moving average price of $98.35.

Lamb Weston (NYSE:LWGet Free Report) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business earned $1.43 EPS. Lamb Weston’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Analyst Ratings Changes

A number of analysts have issued reports on LW shares. BNP Paribas assumed coverage on shares of Lamb Weston in a report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective for the company. Wells Fargo & Company lowered their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Bank of America cut their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup cut their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Barclays dropped their price objective on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

Read Our Latest Report on Lamb Weston

About Lamb Weston

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LWFree Report).

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

Receive News & Ratings for Lamb Weston Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamb Weston and related companies with MarketBeat.com's FREE daily email newsletter.