Cambridge Investment Research Advisors Inc. Cuts Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Cambridge Investment Research Advisors Inc. reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,337 shares of the specialty retailer’s stock after selling 706 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Lamb Weston were worth $1,013,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LW. Eagle Bay Advisors LLC purchased a new stake in shares of Lamb Weston in the second quarter valued at approximately $29,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $30,000. Arcus Capital Partners LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $31,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $36,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Lamb Weston by 330.1% in the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 482 shares in the last quarter. 89.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Lamb Weston in a research report on Thursday. They issued a “hold” rating for the company. The Goldman Sachs Group increased their price objective on Lamb Weston from $97.00 to $107.00 in a research report on Thursday, April 6th. JPMorgan Chase & Co. increased their price objective on Lamb Weston from $112.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, April 10th. Stifel Nicolaus started coverage on Lamb Weston in a research report on Thursday, April 13th. They issued a “hold” rating and a $115.00 price objective for the company. Finally, Barclays increased their price objective on Lamb Weston from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report 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. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of “Hold” and a consensus target price of $118.40.

Lamb Weston Stock Up 0.6 %

NYSE:LW opened at $114.48 on Friday. 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’s fifty day moving average is $107.19 and its two-hundred day moving average is $97.79. Lamb Weston Holdings, Inc. has a 52 week low of $61.95 and a 52 week high of $115.04. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53.

Lamb Weston (NYSE:LW – Get Rating) last released its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $1.43 EPS for the quarter, topping 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned $0.73 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.51 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, May 4th. Lamb Weston’s dividend payout ratio (DPR) is 29.95%.

Insider Activity

In other news, SVP Sharon L. Miller sold 4,350 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 49,859 shares in the company, valued at $5,733,785. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Lamb Weston Profile

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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.