Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,479 shares of the specialty retailer’s stock after selling 390 shares during the period. Treasurer of the State of North Carolina’s holdings in Lamb Weston were worth $4,175,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. West Oak Capital LLC lifted its holdings in Lamb Weston by 155.7% in the fourth 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 during the period. Stonebridge Financial Group LLC acquired a new position in shares of Lamb Weston in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new stake in Lamb Weston during the fourth quarter worth $36,000. Wingate Wealth Advisors Inc. purchased a new position in Lamb Weston in the fourth quarter valued at $47,000. Finally, Advantage Trust Co acquired a new position in shares of Lamb Weston in the fourth quarter worth about $53,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 2.4 %

Shares of NYSE:LW opened at $54.61 on Wednesday. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $89.51. The stock has a market cap of $7.71 billion, a P/E ratio of 21.59, a PEG ratio of 1.40 and a beta of 0.48. The business has a fifty day moving average of $54.17 and a two-hundred day moving average of $64.88. 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 (NYSE:LW) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. StockNews.com raised shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Stifel Nicolaus cut their target price on shares of Lamb Weston from $68.00 to $63.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Finally, Jefferies Financial Group decreased their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.27.

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.