Royal London Asset Management Ltd. Reduces Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Royal London Asset Management Ltd. trimmed its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,430 shares of the specialty retailer’s stock after selling 307 shares during the period. Royal London Asset Management Ltd.’s holdings in Lamb Weston were worth $3,437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Lamb Weston during the 3rd quarter valued at about $238,000. Charles Schwab Investment Management Inc. grew its stake in shares of Lamb Weston by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,213,508 shares of the specialty retailer’s stock valued at $78,563,000 after buying an additional 9,614 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Lamb Weston by 39.3% in the third quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after buying an additional 44,057 shares during the period. Cerity Partners LLC lifted its stake in shares of Lamb Weston by 172.9% during the 3rd quarter. Cerity Partners LLC now owns 25,063 shares of the specialty retailer’s stock worth $1,623,000 after acquiring an additional 15,878 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Lamb Weston by 614.4% during the 3rd quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 596 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Transactions at Lamb Weston

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

Analyst Ratings Changes

LW has been the subject of several research analyst reports. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Barclays dropped their target price on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Finally, Sanford C. Bernstein started coverage on Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.73.

Lamb Weston Price Performance

Shares of LW stock opened at $53.93 on Tuesday. The stock’s 50-day moving average is $56.20 and its 200 day moving average is $66.14. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $107.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The company has a market cap of $7.69 billion, a P/E ratio of 21.32, a PEG ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

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

Lamb Weston 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.