Groupama Asset Managment Has $776,000 Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Groupama Asset Managment boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,950 shares of the specialty retailer’s stock after purchasing an additional 2,066 shares during the period. Groupama Asset Managment’s holdings in Lamb Weston were worth $776,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Alberta Investment Management Corp acquired a new stake in shares of Lamb Weston in the fourth quarter valued at about $2,641,000. Atria Wealth Solutions Inc. acquired a new stake in Lamb Weston during the 4th quarter valued at approximately $2,850,000. Leeward Investments LLC MA raised its holdings in Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock worth $10,457,000 after purchasing an additional 45,904 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock worth $892,000 after purchasing an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock valued at $82,174,000 after purchasing an additional 16,092 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Insider Buying and Selling at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LW. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus cut their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group lifted their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $68.00 in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.55.

Lamb Weston Stock Performance

LW opened at $54.17 on Thursday. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.40 and a beta of 0.76. The company’s fifty day moving average price is $55.27 and its two-hundred day moving average price is $65.65. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $103.49. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.73%. Lamb Weston’s payout ratio is 58.50%.

Lamb Weston 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.