Lamb Weston Holdings Inc (LW) Shares Sold by State of Wisconsin Investment Board
State of Wisconsin Investment Board lowered its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 73.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,069 shares of the specialty retailer’s stock after selling 84,131 shares during the quarter. State of Wisconsin Investment Board’s holdings in Lamb Weston were worth $1,697,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of LW. Chicago Partners Investment Group LLC increased its position in Lamb Weston by 359.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock worth $113,000 after purchasing an additional 1,881 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Lamb Weston during the 3rd quarter worth approximately $146,000. Robeco Institutional Asset Management B.V. acquired a new stake in Lamb Weston during the 4th quarter worth approximately $151,000. Steward Partners Investment Advisory LLC acquired a new stake in Lamb Weston during the 3rd quarter worth approximately $189,000. Finally, Lourd Capital LLC acquired a new stake in Lamb Weston during the 4th quarter worth approximately $205,000. 79.66% of the stock is owned by institutional investors.
Shares of Lamb Weston Holdings Inc (LW) opened at $55.37 on Monday. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. Lamb Weston Holdings Inc has a 1 year low of $39.53 and a 1 year high of $60.85. The stock has a market cap of $8,100.00 and a P/E ratio of 25.63.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were given a $0.1913 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.77 annualized dividend and a yield of 1.38%. Lamb Weston’s dividend payout ratio (DPR) is 35.19%.
In other news, Director Peter J. Bensen acquired 5,000 shares of the stock in a transaction on Monday, January 8th. The stock was bought at an average price of $58.18 per share, with a total value of $290,900.00. Following the completion of the transaction, the director now directly owns 1,935 shares of the company’s stock, valued at $112,578.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.
LW has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Stifel Nicolaus increased their target price on shares of Lamb Weston from $54.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Jefferies Group increased their target price on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Lamb Weston has an average rating of “Buy” and an average price target of $58.14.
Lamb Weston Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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