Russell Investments Group Ltd. lifted its position in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 187.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,808 shares of the specialty retailer’s stock after buying an additional 139,511 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Lamb Weston worth $12,807,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its holdings in shares of Lamb Weston by 696.2% during the fourth quarter. Marshall Wace LLP now owns 3,551,015 shares of the specialty retailer’s stock worth $225,063,000 after buying an additional 3,105,026 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in Lamb Weston in the fourth quarter valued at about $93,650,000. Ensign Peak Advisors Inc raised its stake in Lamb Weston by 461.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,300,620 shares of the specialty retailer’s stock valued at $82,433,000 after purchasing an additional 1,068,780 shares in the last quarter. London Co. of Virginia raised its stake in Lamb Weston by 39.9% in the fourth quarter. London Co. of Virginia now owns 3,701,715 shares of the specialty retailer’s stock valued at $234,615,000 after purchasing an additional 1,055,579 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Lamb Weston by 14.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,966,731 shares of the specialty retailer’s stock valued at $188,082,000 after purchasing an additional 382,224 shares in the last quarter. 93.23% of the stock is owned by institutional investors.
Insider Transactions at Lamb Weston
In other news, SVP Eryk J. Spytek sold 3,867 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $75.00, for a total transaction of $290,025.00. Following the sale, the senior vice president now directly owns 37,955 shares in the company, valued at $2,846,625. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.75% of the company’s stock.
Lamb Weston Stock Performance
Lamb Weston Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 5th will be issued a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, August 4th. Lamb Weston’s dividend payout ratio (DPR) is currently 71.53%.
Analyst Upgrades and Downgrades
Separately, TheStreet downgraded Lamb Weston from a “b-” rating to a “c+” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Moderate Buy” and a consensus target price of $67.67.
Lamb Weston Company Profile
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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