Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 4.3% during the 4th quarter, HoldingsChannel reports. The fund owned 6,699 shares of the specialty retailer’s stock after selling 304 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Lamb Weston were worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LW. West Oak Capital LLC raised 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 acquiring an additional 274 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston in the fourth quarter valued at $35,000. Kennebec Savings Bank acquired a new stake in Lamb Weston in the third quarter valued at $39,000. Prospera Private Wealth LLC acquired a new stake in Lamb Weston in the third quarter valued at $39,000. Finally, Brooklyn Investment Group acquired a new stake in Lamb Weston in the third quarter valued at $40,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lamb Weston

In related news, Director Robert A. Niblock bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles A. Blixt acquired 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $63.25 per share, with a total value of $75,900.00. Following the transaction, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Lamb Weston Stock Down 6.6 %

Lamb Weston stock opened at $52.14 on Tuesday. The company has a 50-day simple moving average of $61.61 and a 200-day simple moving average of $67.48. The firm has a market capitalization of $7.44 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.40 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a one year low of $51.96 and a one year high of $107.50.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. As a group, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Friday, January 31st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s dividend payout ratio is currently 58.50%.

Analyst Ratings Changes

LW has been the topic of a number of research reports. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus dropped 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. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 target price on the stock. Finally, Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $90.00 to $68.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $81.00.

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.