AdvisorNet Financial Inc cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 13.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,433 shares of the specialty retailer’s stock after selling 223 shares during the period. AdvisorNet Financial Inc’s holdings in Lamb Weston were worth $102,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Lamb Weston during the first quarter worth approximately $780,000. EverSource Wealth Advisors LLC increased its holdings in shares of Lamb Weston by 7.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s stock worth $140,000 after buying an additional 165 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Lamb Weston during the first quarter worth $328,000. Sanders Capital LLC acquired a new position in shares of Lamb Weston during the first quarter worth $2,624,000. Finally, Toroso Investments LLC increased its holdings in Lamb Weston by 258.0% in the first quarter. Toroso Investments LLC now owns 26,749 shares of the specialty retailer’s stock valued at $1,603,000 after purchasing an additional 19,277 shares during the period. 90.05% of the stock is currently owned by institutional investors.
Insider Transactions at Lamb Weston
In other news, SVP Eryk J. Spytek sold 3,001 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $79.97, for a total transaction of $239,989.97. Following the transaction, the senior vice president now owns 47,936 shares of the company’s stock, valued at approximately $3,833,441.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Gerardo Scheufler sold 2,786 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $81.01, for a total value of $225,693.86. Following the transaction, the senior vice president now owns 29,685 shares of the company’s stock, valued at approximately $2,404,781.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eryk J. Spytek sold 3,001 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $79.97, for a total transaction of $239,989.97. Following the completion of the transaction, the senior vice president now directly owns 47,936 shares in the company, valued at approximately $3,833,441.92. The disclosure for this sale can be found here. Insiders have sold 9,654 shares of company stock valued at $755,709 in the last 90 days. 0.80% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Lamb Weston Stock Performance
Shares of LW opened at $77.94 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.55 and a debt-to-equity ratio of 7.48. The stock has a market capitalization of $11.20 billion, a P/E ratio of 56.89, a price-to-earnings-growth ratio of 1.19 and a beta of 0.53. The firm’s fifty day simple moving average is $78.98 and its two-hundred day simple moving average is $69.44. Lamb Weston Holdings, Inc. has a 12 month low of $49.71 and a 12 month high of $83.29.
Lamb Weston (NYSE:LW – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Lamb Weston had a net margin of 4.90% and a return on equity of 78.71%. As a group, analysts predict that Lamb Weston Holdings, Inc. will post 2.79 EPS for the current year.
Lamb Weston Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 5th were given a dividend of $0.245 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.26%. Lamb Weston’s dividend payout ratio (DPR) is presently 71.53%.
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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