Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,600 shares of the specialty retailer’s stock after selling 10,449 shares during the period. Cambiar Investors LLC owned approximately 0.09% of Lamb Weston worth $8,862,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC grew its holdings in shares of Lamb Weston by 6.5% in the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after purchasing an additional 817 shares in the last quarter. Nicola Wealth Management LTD. acquired a new position in shares of Lamb Weston in the third quarter valued at approximately $6,474,000. Clarkston Capital Partners LLC grew its holdings in Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares in the last quarter. Insight Wealth Strategies LLC grew its holdings in Lamb Weston by 36.0% during the 4th quarter. Insight Wealth Strategies LLC now owns 61,950 shares of the specialty retailer’s stock worth $4,140,000 after acquiring an additional 16,412 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Lamb Weston by 39.3% during the 3rd quarter. Citigroup Inc. now owns 156,242 shares of the specialty retailer’s stock worth $10,115,000 after acquiring an additional 44,057 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.7 %

LW stock opened at $58.49 on Tuesday. The company has a fifty day moving average price of $66.17 and a 200 day moving average price of $67.52. Lamb Weston Holdings, Inc. has a 12 month low of $52.99 and a 12 month high of $107.50. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, January 31st will be given a $0.37 dividend. This is an increase from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.48 annualized dividend and a yield of 2.53%. Lamb Weston’s dividend payout ratio is 58.50%.

Insiders Place Their Bets

In other news, Director Charles A. Blixt acquired 1,200 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the transaction, the director now owns 22,982 shares in the company, valued at $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert A. Niblock acquired 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares in the company, valued at $1,609,181.64. The trade was a 12.82 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America boosted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lamb Weston in a report on Thursday, December 12th. They set a “hold” rating and a $81.00 price target for the company. Stifel Nicolaus lowered their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Finally, Barclays lowered their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lamb Weston currently has an average rating of “Hold” and an average price target of $81.00.

Lamb Weston Company Profile

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.