Mitsubishi UFJ Asset Management UK Ltd. lowered its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 59.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,900 shares of the specialty retailer’s stock after selling 20,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Lamb Weston were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ameritas Investment Partners Inc. lifted its holdings in Lamb Weston by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 41,859 shares of the specialty retailer’s stock worth $1,843,000 after acquiring an additional 623 shares during the last quarter. ING Groep NV lifted its holdings in Lamb Weston by 9.9% in the third quarter. ING Groep NV now owns 11,276 shares of the specialty retailer’s stock worth $529,000 after acquiring an additional 1,019 shares during the last quarter. First Trust Advisors LP lifted its holdings in Lamb Weston by 1.0% in the third quarter. First Trust Advisors LP now owns 113,354 shares of the specialty retailer’s stock worth $5,315,000 after acquiring an additional 1,079 shares during the last quarter. M&T Bank Corp lifted its holdings in Lamb Weston by 12.7% in the second quarter. M&T Bank Corp now owns 11,708 shares of the specialty retailer’s stock worth $516,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its holdings in Lamb Weston by 5.4% in the third quarter. Dupont Capital Management Corp now owns 26,600 shares of the specialty retailer’s stock worth $1,247,000 after acquiring an additional 1,355 shares during the last quarter. 79.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Peter J. Bensen acquired 5,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average price of $58.18 per share, for a total transaction of $290,900.00. Following the completion of the purchase, the director now directly owns 1,935 shares of the company’s stock, valued at $112,578.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.

Shares of Lamb Weston Holdings Inc. (NYSE LW) traded down $0.31 during trading hours on Friday, hitting $59.03. 1,657,100 shares of the company’s stock traded hands, compared to its average volume of 1,425,475. Lamb Weston Holdings Inc. has a 12 month low of $35.81 and a 12 month high of $59.63. The firm has a market capitalization of $8,676.94, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.03 and a beta of 1.02. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The business had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts anticipate that Lamb Weston Holdings Inc. will post 2.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is currently 34.72%.

Several equities research analysts have commented on LW shares. Jefferies Group raised their price target on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Bank of America raised their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Friday, October 6th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target (up previously from $46.00) on shares of Lamb Weston in a research note on Thursday, October 5th. Finally, Stifel Nicolaus raised their price target on shares of Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $53.13.

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

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