Northern Trust Corp Sells 60,099 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Northern Trust Corp reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,413,774 shares of the specialty retailer’s stock after selling 60,099 shares during the period. Northern Trust Corp owned approximately 0.98% of Lamb Weston worth $152,815,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its holdings in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 161 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Lamb Weston during the fourth quarter worth $51,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Lamb Weston by 864.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after buying an additional 432 shares in the last quarter. Covestor Ltd lifted its stake in shares of Lamb Weston by 300.6% in the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after acquiring an additional 971 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its holdings in shares of Lamb Weston by 537.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 956 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LW. Wells Fargo & Company dropped their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Barclays reduced their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Citigroup dropped their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, Bank of America lowered their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.40.

Get Our Latest Stock Analysis on Lamb Weston

Lamb Weston Stock Down 0.4 %

Lamb Weston stock opened at $85.49 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The firm has a 50 day moving average price of $85.03 and a two-hundred day moving average price of $97.26. The firm has a market cap of $12.34 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.25 and a beta of 0.75.

Lamb Weston (NYSE:LWGet Free Report) last released its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 3rd were paid a $0.36 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.68%. Lamb Weston’s dividend payout ratio is currently 19.23%.

Lamb Weston Profile

(Free Report)

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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