Lamb Weston Holdings Inc (LW) Position Lowered by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,293,240 shares of the specialty retailer’s stock after selling 501,583 shares during the quarter. Wells Fargo & Company MN owned approximately 2.25% of Lamb Weston worth $219,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LW. Macquarie Group Ltd. bought a new position in Lamb Weston in the second quarter worth $54,064,000. BNP Paribas Arbitrage SA grew its stake in shares of Lamb Weston by 4,817.8% in the second quarter. BNP Paribas Arbitrage SA now owns 521,731 shares of the specialty retailer’s stock worth $35,744,000 after acquiring an additional 511,122 shares during the last quarter. Rathbone Brothers plc purchased a new stake in shares of Lamb Weston in the second quarter worth $23,773,000. Canada Pension Plan Investment Board grew its stake in shares of Lamb Weston by 223.8% in the second quarter. Canada Pension Plan Investment Board now owns 492,810 shares of the specialty retailer’s stock worth $33,762,000 after acquiring an additional 340,600 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Lamb Weston by 2.4% in the second quarter. BlackRock Inc. now owns 13,875,099 shares of the specialty retailer’s stock worth $950,584,000 after acquiring an additional 328,259 shares during the last quarter. Institutional investors and hedge funds own 79.76% of the company’s stock.

Lamb Weston stock opened at $81.68 on Friday. Lamb Weston Holdings Inc has a one year low of $50.60 and a one year high of $81.85. The firm has a market cap of $11.75 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.45 and a beta of -0.53.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Lamb Weston had a negative return on equity of 110.81% and a net margin of 12.52%. The company had revenue of $914.90 million for the quarter, compared to analysts’ expectations of $879.68 million. During the same period last year, the firm posted $0.57 earnings per share. Lamb Weston’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Lamb Weston Holdings Inc will post 2.99 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be given a dividend of $0.191 per share. The ex-dividend date is Thursday, November 1st. This represents a $0.76 annualized dividend and a dividend yield of 0.94%. Lamb Weston’s dividend payout ratio (DPR) is presently 28.57%.

A number of equities research analysts have recently commented on LW shares. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Wednesday, October 24th. ValuEngine raised Lamb Weston from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 target price on shares of Lamb Weston in a research note on Tuesday, October 2nd. Stifel Nicolaus increased their price objective on Lamb Weston from $68.00 to $74.00 and gave the company a “hold” rating in a research report on Wednesday, October 3rd. Finally, CL King cut Lamb Weston from a “buy” rating to a “neutral” rating in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.00.

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About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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

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