Shell Asset Management Co. Has $1.17 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Shell Asset Management Co. lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,786 shares of the specialty retailer’s stock after selling 264 shares during the quarter. Shell Asset Management Co.’s holdings in Lamb Weston were worth $1,166,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its stake 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 worth $28,000 after buying an additional 161 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Lamb Weston by 8,040.0% during the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after buying an additional 402 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Lamb Weston during the 4th quarter worth about $51,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Lamb Weston by 864.0% during the 4th 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 during the last quarter. Finally, Desjardins Global Asset Management Inc. increased its position in Lamb Weston by 537.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock worth $123,000 after acquiring an additional 956 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.4 %

Shares of NYSE LW opened at $85.49 on Tuesday. The stock has a 50-day moving average price of $85.03 and a two-hundred day moving average price of $97.26. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The company 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 issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. Lamb Weston’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BNP Paribas assumed coverage on shares of Lamb Weston in a research report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. Bank of America lowered their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Wells Fargo & Company lowered their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. Citigroup lowered their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Finally, Stifel Nicolaus lowered their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.40.

Get Our Latest Stock Report on Lamb Weston

About Lamb Weston

(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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