Lamb Weston $LW Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd cut its position in Lamb Weston (NYSE:LW) by 95.2% during the 4th quarter, HoldingsChannel reports. The firm owned 82,266 shares of the specialty retailer’s stock after selling 1,622,625 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Lamb Weston were worth $3,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC raised its stake in Lamb Weston by 115.5% during the 3rd quarter. AlphaQuest LLC now owns 446 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 239 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 571 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Lamb Weston by 121.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 619 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Lamb Weston in the fourth quarter worth $48,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LW. BNP Paribas Exane cut their target price on shares of Lamb Weston from $48.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $54.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Stifel Nicolaus lowered their price objective on Lamb Weston from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. JPMorgan Chase & Co. lowered their target price on shares of Lamb Weston from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Lamb Weston from $46.00 to $40.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $47.82.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director Jana Partners Management, Lp acquired 136,000 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were bought at an average cost of $40.89 per share, with a total value of $5,561,040.00. Following the purchase, the director directly owned 5,148,980 shares of the company’s stock, valued at $210,541,792.20. This trade represents a 2.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter J. Bensen acquired 5,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were purchased at an average price of $39.45 per share, with a total value of $197,250.00. Following the acquisition, the director owned 17,204 shares of the company’s stock, valued at approximately $678,697.80. This represents a 40.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 391,000 shares of company stock valued at $16,270,790 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Lamb Weston Price Performance

Shares of LW stock opened at $45.04 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.69 and a current ratio of 1.46. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. The firm’s 50 day moving average price is $43.06 and its two-hundred day moving average price is $45.49. The stock has a market cap of $6.22 billion, a PE ratio of 21.04, a PEG ratio of 6.05 and a beta of 0.47.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, April 1st. The specialty retailer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.11. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. Lamb Weston had a return on equity of 23.77% and a net margin of 4.61%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. As a group, analysts forecast that Lamb Weston will post 2.85 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were given a $0.38 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. Lamb Weston’s dividend payout ratio (DPR) is presently 71.03%.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.