Aberdeen Group plc Cuts Stock Holdings in Lamb Weston $LW

Aberdeen Group plc decreased its stake in shares of Lamb Weston (NYSE:LWFree Report) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,772 shares of the specialty retailer’s stock after selling 1,107 shares during the period. Aberdeen Group plc’s holdings in Lamb Weston were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in Lamb Weston by 23.0% during the first quarter. Envestnet Asset Management Inc. now owns 723,215 shares of the specialty retailer’s stock worth $38,547,000 after acquiring an additional 135,188 shares during the period. Jump Financial LLC lifted its holdings in Lamb Weston by 2,603.3% during the first quarter. Jump Financial LLC now owns 189,826 shares of the specialty retailer’s stock worth $10,118,000 after acquiring an additional 182,804 shares during the period. Teacher Retirement System of Texas bought a new stake in Lamb Weston during the first quarter worth $1,059,000. Liberty One Investment Management LLC lifted its holdings in Lamb Weston by 17.4% during the first quarter. Liberty One Investment Management LLC now owns 411,353 shares of the specialty retailer’s stock worth $21,925,000 after acquiring an additional 61,085 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Lamb Weston in the first quarter valued at $3,847,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LW. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the company a “market perform” rating in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research note on Wednesday, October 1st. Barclays boosted their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Bank of America boosted their target price on Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.70.

Check Out Our Latest Report on Lamb Weston

Lamb Weston Price Performance

LW opened at $65.02 on Friday. The stock’s 50 day simple moving average is $57.82 and its 200 day simple moving average is $54.96. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 4.31 and a beta of 0.52.

Lamb Weston (NYSE:LWGet Free Report) last posted its quarterly earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The business had revenue of $1.15 billion for the quarter. As a group, analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio is currently 70.81%.

About Lamb Weston

(Free Report)

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.

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

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