Meyer Handelman Co. Sells 266 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Meyer Handelman Co. reduced its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,271 shares of the specialty retailer’s stock after selling 266 shares during the period. Meyer Handelman Co. owned approximately 0.09% of Lamb Weston worth $11,205,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. boosted its position in shares of Lamb Weston by 3.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 3,065 shares of the specialty retailer’s stock valued at $332,000 after buying an additional 101 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Lamb Weston by 3.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 3,806 shares of the specialty retailer’s stock valued at $405,000 after buying an additional 135 shares during the last quarter. Somerset Trust Co lifted its position in shares of Lamb Weston by 4.5% during the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock worth $362,000 after buying an additional 145 shares in the last quarter. Camarda Financial Advisors LLC grew its holdings in shares of Lamb Weston by 0.9% in the first quarter. Camarda Financial Advisors LLC now owns 16,389 shares of the specialty retailer’s stock valued at $1,746,000 after acquiring an additional 151 shares in the last quarter. Finally, KLR Investment Advisors LLC increased its position in shares of Lamb Weston by 4.1% during the fourth quarter. KLR Investment Advisors LLC now owns 3,943 shares of the specialty retailer’s stock valued at $426,000 after acquiring an additional 157 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Price Performance

Shares of NYSE LW traded up $0.82 during midday trading on Tuesday, hitting $59.13. 2,283,897 shares of the company’s stock were exchanged, compared to its average volume of 2,575,760. The business’s fifty day moving average price is $75.66 and its two-hundred day moving average price is $87.61. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 5.65 and a beta of 0.74. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.36 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 2.44%. Lamb Weston’s dividend payout ratio is presently 19.23%.

Insider Activity at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was acquired at an average price of $55.43 per share, with a total value of $554,300.00. Following the completion of the purchase, the director now directly owns 173,377 shares in the company, valued at $9,610,287.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LW. The Goldman Sachs Group cut their price objective on Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $60.00 in a report on Thursday, July 25th. Barclays reduced their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Consumer Edge lowered shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $87.70.

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.