DnB Asset Management AS Trims Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

DnB Asset Management AS lowered its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,535 shares of the specialty retailer’s stock after selling 600 shares during the quarter. DnB Asset Management AS’s holdings in Lamb Weston were worth $2,107,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LW. Alberta Investment Management Corp purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $2,641,000. Atria Wealth Solutions Inc. purchased a new stake in Lamb Weston during the 4th quarter valued at approximately $2,850,000. Leeward Investments LLC MA raised its position in shares of Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after buying an additional 45,904 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after buying an additional 817 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after acquiring an additional 16,092 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Barclays dropped their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Jefferies Financial Group lifted their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price for the company. Finally, Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $68.00 in a research report on Friday, December 20th. 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.com, Lamb Weston currently has an average rating of “Hold” and a consensus price target of $74.55.

Lamb Weston Price Performance

Lamb Weston stock opened at $53.21 on Wednesday. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $105.31. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a 50-day moving average price of $55.40 and a 200-day moving average price of $65.73. The firm has a market capitalization of $7.59 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Insider Activity

In related news, Director Robert A. Niblock bought 3,000 shares of the stock in a transaction dated Monday, January 13th. The stock was purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.72% of the company’s stock.

About Lamb Weston

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.