Public Employees Retirement Association of Colorado Trims Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Public Employees Retirement Association of Colorado lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 5.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,461 shares of the specialty retailer’s stock after selling 862 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Lamb Weston were worth $1,754,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LW. Norges Bank purchased a new position in shares of Lamb Weston during the 4th quarter valued at about $93,553,000. Artemis Investment Management LLP raised its stake in shares of Lamb Weston by 117.2% during the 1st quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after buying an additional 663,985 shares during the last quarter. APG Asset Management US Inc. purchased a new position in shares of Lamb Weston in the 4th quarter valued at about $56,699,000. Montrusco Bolton Investments Inc. increased its stake in shares of Lamb Weston by 104.7% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock valued at $77,113,000 after purchasing an additional 364,851 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Lamb Weston by 97.8% in the 4th quarter. Jennison Associates LLC now owns 498,903 shares of the specialty retailer’s stock valued at $53,926,000 after purchasing an additional 246,622 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 2.5 %

Shares of NYSE LW opened at $57.63 on Tuesday. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 5.41 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The business’s 50 day moving average is $81.50 and its two-hundred day moving average is $91.10.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, August 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

Several equities analysts recently weighed in on LW shares. JPMorgan Chase & Co. cut their price target on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $105.00 to $61.00 in a report on Thursday, July 25th. Barclays lowered their target price on Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday. Stifel Nicolaus cut Lamb Weston from a “buy” rating to a “hold” rating and lowered their target price for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. Finally, The Goldman Sachs Group lowered their target price on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.70.

Insider Transactions at Lamb Weston

In related news, Director William G. Jurgensen acquired 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 173,377 shares of the company’s stock, valued at $9,610,287.11. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.66% of the company’s stock.

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.