Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 20.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,595 shares of the specialty retailer’s stock after selling 7,168 shares during the quarter. Truist Financial Corp’s holdings in Lamb Weston were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schubert & Co acquired a new stake in Lamb Weston during the fourth quarter worth approximately $32,000. Engine Capital Management LP acquired a new position in Lamb Weston in the 4th quarter valued at $32,000. Northwest Investment Counselors LLC acquired a new position in Lamb Weston in the 4th quarter valued at $42,000. Sandy Cove Advisors LLC acquired a new position in Lamb Weston in the 4th quarter valued at $42,000. Finally, National Bank of Canada FI acquired a new position in Lamb Weston in the 4th quarter valued at $44,000. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Down 0.1 %

Shares of Lamb Weston stock opened at $74.61 on Thursday. The company has a fifty day moving average price of $68.60 and a 200 day moving average price of $65.08. The company has a current ratio of 2.63, a quick ratio of 1.59 and a debt-to-equity ratio of 6.87. Lamb Weston Holdings, Inc. has a twelve month low of $49.71 and a twelve month high of $77.52. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 46.92, a price-to-earnings-growth ratio of 1.83 and a beta of 0.50.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Friday, August 5th will be given a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.31%. Lamb Weston’s dividend payout ratio (DPR) is 61.64%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TheStreet upgraded Lamb Weston from a “c” rating to a “b-” rating in a report on Monday, June 6th. assumed coverage on Lamb Weston in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Jefferies Financial Group dropped their price objective on Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston has a consensus rating of “Moderate Buy” and a consensus target price of $67.67.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, SVP Eryk J. Spytek sold 3,867 shares of the company’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $75.00, for a total value of $290,025.00. Following the completion of the transaction, the senior vice president now directly owns 37,955 shares of the company’s stock, valued at approximately $2,846,625. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

About Lamb Weston

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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, 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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