Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW – Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,116 shares of the specialty retailer’s stock after selling 5,749 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of Lamb Weston worth $44,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tredje AP fonden acquired a new stake in shares of Lamb Weston in the 4th quarter worth approximately $2,598,000. Fifth Third Bancorp grew its holdings in shares of Lamb Weston by 19.1% in the 4th quarter. Fifth Third Bancorp now owns 3,430 shares of the specialty retailer’s stock worth $307,000 after acquiring an additional 550 shares during the period. ING Groep NV acquired a new stake in Lamb Weston during the 4th quarter valued at $15,589,000. Toth Financial Advisory Corp acquired a new stake in Lamb Weston during the 4th quarter valued at $840,000. Finally, Mezzasalma Advisors LLC acquired a new stake in Lamb Weston during the 4th quarter valued at $1,935,000. Institutional investors and hedge funds own 86.26% of the company’s stock.

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Lamb Weston Price Performance

LW stock opened at $112.04 on Wednesday. Lamb Weston Holdings, Inc. has a 52-week low of $73.61 and a 52-week high of $116.00. The stock’s fifty day simple moving average is $113.01 and its 200-day simple moving average is $105.79. The company has a quick ratio of 1.57, a current ratio of 2.59 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 0.53 and a beta of 0.54.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on Lamb Weston in a report on Thursday, May 18th. They set a “hold” rating on the stock. Stifel Nicolaus assumed coverage on Lamb Weston in a report on Thursday, April 13th. They set a “hold” rating and a $115.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Lamb Weston from $112.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, April 10th. Barclays increased their target price on Lamb Weston from $110.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, April 10th. Finally, Bank of America increased their target price on Lamb Weston from $115.00 to $128.00 and gave the company a “buy” rating in a report on Monday, April 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Lamb Weston has a consensus rating of “Hold” and an average price target of $118.40.

Insider Transactions at Lamb Weston

In other news, SVP Sharon L. Miller sold 4,350 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $115.00, for a total transaction of $500,250.00. Following the sale, the senior vice president now owns 49,859 shares in the company, valued at $5,733,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

About Lamb Weston

(Free Report)

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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