Clearbridge Investments LLC Decreases Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Clearbridge Investments LLC lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,180,629 shares of the specialty retailer’s stock after selling 42,387 shares during the quarter. Clearbridge Investments LLC owned 0.83% of Lamb Weston worth $78,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LW. West Oak Capital LLC increased its holdings in Lamb Weston by 155.7% during the 4th 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 shares of Lamb Weston in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Lamb Weston during the 4th quarter worth approximately $47,000. Finally, Advantage Trust Co purchased a new stake in Lamb Weston in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the acquisition, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LW shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Jefferies Financial Group boosted their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. StockNews.com raised shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. Finally, Barclays decreased 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 report on Monday, December 23rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.55.

Lamb Weston Stock Performance

NYSE:LW opened at $53.26 on Tuesday. The company has a market cap of $7.60 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.40 and a beta of 0.76. The firm’s 50 day moving average is $55.59 and its two-hundred day moving average is $65.81. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $105.55. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston Dividend Announcement

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is currently 58.50%.

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.