Wells Fargo & Company MN reduced its position in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 0.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598,536 shares of the specialty retailer’s stock after selling 167 shares during the period. Wells Fargo & Company MN owned about 0.42% of Lamb Weston worth $53,485,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in shares of Lamb Weston in the second quarter valued at approximately $29,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Lamb Weston in the fourth quarter worth $30,000. Arcus Capital Partners LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at $31,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Lamb Weston during the fourth quarter valued at $36,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Lamb Weston by 330.1% during the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after acquiring an additional 482 shares during the last quarter. 89.87% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on LW shares. Barclays upped their target price on shares of Lamb Weston from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, April 10th. The Goldman Sachs Group raised their target price on shares of Lamb Weston from $97.00 to $107.00 in a research report on Thursday, April 6th. Bank of America boosted their price target on Lamb Weston from $115.00 to $128.00 and gave the company a “buy” rating in a report on Monday, April 10th. Stifel Nicolaus started coverage on Lamb Weston in a report on Thursday, April 13th. They set a “hold” rating and a $115.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on Lamb Weston from $112.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, April 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.40.
Lamb Weston Stock Up 0.2 %
Lamb Weston (NYSE:LW – Get Rating) last announced its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $0.98 by $0.45. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.16 billion. Lamb Weston had a return on equity of 110.40% and a net margin of 11.27%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. On average, analysts anticipate that Lamb Weston Holdings, Inc. will post 4.51 EPS for the current year.
Lamb Weston Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 5th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $1.12 annualized dividend and a yield of 0.99%. Lamb Weston’s dividend payout ratio is currently 29.95%.
Insider Transactions at Lamb Weston
In related news, SVP Sharon L. Miller sold 4,350 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $115.00, for a total transaction of $500,250.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
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