CoreFirst Bank & Trust Purchases New Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

CoreFirst Bank & Trust acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,173 shares of the specialty retailer’s stock, valued at approximately $78,000.

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

Insiders Place Their Bets

In related news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Lamb Weston Stock Down 1.8 %

Shares of NYSE:LW opened at $52.97 on Wednesday. The firm has a fifty day moving average price of $56.06 and a two-hundred day moving average price of $66.07. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $107.50.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s payout ratio is 58.50%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft started coverage on Lamb Weston in a research report on Thursday, December 12th. They issued a “hold” rating and a $81.00 price target on the stock. Jefferies Financial Group raised their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Sanford C. Bernstein initiated coverage on Lamb Weston in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $76.73.

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.