Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Advisor Group Holdings Inc.

Posted by Defense World Staff on Jun 1st, 2023

Advisor Group Holdings Inc. trimmed its holdings in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,703 shares of the specialty retailer’s stock after selling 5,311 shares during the period. Advisor Group Holdings Inc.’s holdings in Lamb Weston were worth $5,068,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its position in Lamb Weston by 699.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,007,085 shares of the specialty retailer’s stock worth $77,928,000 after buying an additional 881,080 shares during the period. First Trust Advisors LP increased its position in Lamb Weston by 182.2% in the fourth quarter. First Trust Advisors LP now owns 860,867 shares of the specialty retailer’s stock worth $76,927,000 after buying an additional 555,773 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Lamb Weston by 366.0% during the third quarter. Renaissance Technologies LLC now owns 546,600 shares of the specialty retailer’s stock valued at $42,296,000 after purchasing an additional 429,300 shares during the period. Parsifal Capital Management LP acquired a new position in shares of Lamb Weston during the third quarter valued at $32,175,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Lamb Weston by 1,668.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 422,640 shares of the specialty retailer’s stock valued at $37,767,000 after purchasing an additional 398,742 shares during the period. 89.87% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 1.8 %

Shares of Lamb Weston stock opened at $111.20 on Thursday. The stock has a 50-day simple moving average of $109.04 and a 200-day simple moving average of $99.21. The company has a debt-to-equity ratio of 4.43, a current ratio of 2.59 and a quick ratio of 1.57. Lamb Weston Holdings, Inc. has a 52-week low of $62.62 and a 52-week high of $115.31. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 0.57 and a beta of 0.53.

Lamb Weston (NYSE:LW – Get Rating) last issued its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.45. Lamb Weston had a return on equity of 110.40% and a net margin of 11.27%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business earned $0.73 EPS. The firm’s revenue was up 26.0% compared to the same quarter last year. On average, equities research analysts expect that Lamb Weston Holdings, Inc. will post 4.51 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, May 4th. Lamb Weston’s payout ratio is 29.95%.

Analyst Upgrades and Downgrades

LW has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Lamb Weston from $97.00 to $107.00 in a report on Thursday, April 6th. JPMorgan Chase & Co. lifted their target price on Lamb Weston from $112.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, April 10th. Barclays lifted their target price on Lamb Weston from $110.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, April 10th. StockNews.com assumed coverage on Lamb Weston in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Bank of America lifted their target price on Lamb Weston from $115.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, April 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus target price of $118.40.

Insiders Place Their Bets

In other Lamb Weston news, SVP Sharon L. Miller sold 4,350 shares of Lamb Weston stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $115.00, for a total value of $500,250.00. Following the transaction, the senior vice president now directly owns 49,859 shares of the company’s stock, valued at approximately $5,733,785. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

About Lamb Weston

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Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.