IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,469 shares of the specialty retailer’s stock after selling 7,280 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Lamb Weston were worth $3,440,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Southpoint Capital Advisors LP acquired a new position in Lamb Weston during the third quarter worth approximately $129,480,000. Boston Partners increased its holdings in shares of Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock valued at $232,330,000 after acquiring an additional 735,901 shares during the period. State Street Corp increased its holdings in shares of Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after acquiring an additional 549,812 shares during the period. Liberty One Investment Management LLC boosted its stake in Lamb Weston by 697.4% during the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after purchasing an additional 306,343 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new position in Lamb Weston during the 3rd quarter worth $19,822,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 1.3 %

LW stock opened at $53.72 on Thursday. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $107.50. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a market cap of $7.66 billion, a P/E ratio of 21.23, a P/E/G ratio of 1.40 and a beta of 0.76. The company’s 50-day moving average price is $55.95 and its 200 day moving average price is $65.98.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s payout ratio is currently 58.50%.

Insiders Place Their Bets

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was bought at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group increased their price objective on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Lamb Weston in a report on Wednesday, March 19th. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Finally, Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.73.

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.