Neuberger Berman Group LLC Sells 492,814 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Neuberger Berman Group LLC decreased its holdings in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 25.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441,804 shares of the specialty retailer’s stock after selling 492,814 shares during the quarter. Neuberger Berman Group LLC owned about 1.00% of Lamb Weston worth $86,378,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Lamb Weston by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock worth $963,653,000 after buying an additional 198,274 shares during the last quarter. State Street Corp raised its position in shares of Lamb Weston by 3.4% during the 1st quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock valued at $312,971,000 after buying an additional 172,399 shares during the period. London Co. of Virginia raised its position in shares of Lamb Weston by 39.9% during the 4th quarter. London Co. of Virginia now owns 3,701,715 shares of the specialty retailer’s stock valued at $234,615,000 after buying an additional 1,055,579 shares during the period. Marshall Wace LLP raised its position in Lamb Weston by 696.2% in the fourth quarter. Marshall Wace LLP now owns 3,551,015 shares of the specialty retailer’s stock valued at $225,063,000 after purchasing an additional 3,105,026 shares during the period. Finally, Thrivent Financial for Lutherans raised its position 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 during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

Lamb Weston Stock Down 1.4 %

Shares of NYSE LW opened at $76.56 on Friday. The firm has a market cap of $11.00 billion, a P/E ratio of 55.88, a price-to-earnings-growth ratio of 1.19 and a beta of 0.53. The firm’s 50 day moving average price is $78.74 and its 200 day moving average price is $69.12. Lamb Weston Holdings, Inc. has a 1 year low of $49.71 and a 1 year high of $83.29. The company has a debt-to-equity ratio of 7.48, a quick ratio of 1.55 and a current ratio of 2.37.

Lamb Weston (NYSE:LWGet Rating) last issued its earnings results on Wednesday, July 27th. The specialty retailer reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. Lamb Weston had a net margin of 4.90% and a return on equity of 78.71%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 2.79 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 5th were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, August 4th. Lamb Weston’s dividend payout ratio (DPR) is presently 71.53%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Lamb Weston from a “b-” rating to a “c+” rating in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $67.67.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, SVP Gerardo Scheufler sold 2,786 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $81.01, for a total transaction of $225,693.86. Following the sale, the senior vice president now directly owns 29,685 shares in the company, valued at approximately $2,404,781.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Gerardo Scheufler sold 2,786 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $81.01, for a total transaction of $225,693.86. Following the sale, the senior vice president now owns 29,685 shares in the company, valued at $2,404,781.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Eryk J. Spytek sold 3,001 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $79.97, for a total transaction of $239,989.97. Following the transaction, the senior vice president now directly owns 47,936 shares in the company, valued at $3,833,441.92. The disclosure for this sale can be found here. Insiders sold 9,654 shares of company stock valued at $755,709 in the last ninety days. Company insiders own 0.80% of the company’s stock.

About Lamb Weston

(Get Rating)

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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