Clearbridge Investments LLC cut its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 0.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,359,863 shares of the specialty retailer’s stock after selling 1,527 shares during the quarter. Clearbridge Investments LLC owned approximately 0.93% of Lamb Weston worth $76,764,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new stake in shares of Lamb Weston in the 4th quarter worth about $1,868,000. Advisor Group Inc. grew its position in Lamb Weston by 25.6% during the 4th quarter. Advisor Group Inc. now owns 6,749 shares of the specialty retailer’s stock valued at $381,000 after purchasing an additional 1,374 shares during the last quarter. Two Creeks Capital Management LP grew its position in Lamb Weston by 23.2% during the 4th quarter. Two Creeks Capital Management LP now owns 1,014,086 shares of the specialty retailer’s stock valued at $57,245,000 after purchasing an additional 190,641 shares during the last quarter. Driehaus Capital Management LLC grew its position in Lamb Weston by 30.9% during the 4th quarter. Driehaus Capital Management LLC now owns 32,946 shares of the specialty retailer’s stock valued at $1,860,000 after purchasing an additional 7,774 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Lamb Weston by 6,284.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 31,858 shares of the specialty retailer’s stock valued at $1,798,000 after purchasing an additional 31,359 shares during the last quarter. 80.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Lamb Weston Holdings Inc (LW) opened at $57.26 on Tuesday. Lamb Weston Holdings Inc has a 1 year low of $40.61 and a 1 year high of $60.85. The company has a market cap of $8,360.00 and a PE ratio of 26.51. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.53 and a current ratio of 1.55.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd were issued a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, February 1st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is presently 35.19%.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $64.00 price objective (up from $58.00) on shares of Lamb Weston in a research report on Monday, January 22nd. Finally, Jefferies Group increased their price objective on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Three equities research 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 company. Lamb Weston presently has a consensus rating of “Buy” and a consensus target price of $58.14.
In related news, Director Peter J. Bensen purchased 5,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were purchased at an average price of $58.18 per share, with a total value of $290,900.00. Following the acquisition, the director now directly owns 1,935 shares in the company, valued at approximately $112,578.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.
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About Lamb Weston
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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