Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Cognios Beta Neutral Large Cap Fund LP

Cognios Beta Neutral Large Cap Fund LP lessened its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,525 shares of the specialty retailer’s stock after selling 165 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in Lamb Weston were worth $482,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in Lamb Weston by 84.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after purchasing an additional 17,344 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Lamb Weston by 66.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock worth $4,028,000 after buying an additional 15,364 shares during the last quarter. Game Plan Financial Advisors LLC acquired a new stake in Lamb Weston during the first quarter worth about $1,579,000. Norden Group LLC purchased a new position in Lamb Weston during the first quarter valued at approximately $4,157,000. Finally, Stifel Financial Corp lifted its holdings in Lamb Weston by 51.7% in the fourth quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock valued at $17,827,000 after acquiring an additional 56,180 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LW shares. Barclays dropped their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. Bank of America cut their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Citigroup decreased their target price on Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus cut their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and a consensus price target of $117.20.

Lamb Weston Trading Up 1.3 %

NYSE LW traded up $1.00 during trading hours on Tuesday, reaching $77.90. The company had a trading volume of 2,407,029 shares, compared to its average volume of 2,148,016. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $11.25 billion, a P/E ratio of 10.40, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. The stock has a 50-day moving average of $84.57 and a 200 day moving average of $93.53. Lamb Weston Holdings, Inc. has a 1-year low of $76.61 and a 1-year high of $117.38.

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.