Lamb Weston Holdings, Inc. (NYSE:LW) CFO Bernadette M. Madarieta Sells 6,500 Shares

Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) CFO Bernadette M. Madarieta sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $98.40, for a total value of $639,600.00. Following the completion of the sale, the chief financial officer now directly owns 25,487 shares of the company’s stock, valued at $2,507,920.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Lamb Weston Stock Performance

Lamb Weston stock opened at $98.66 on Tuesday. The company has a debt-to-equity ratio of 4.71, a quick ratio of 1.07 and a current ratio of 1.96. The stock has a fifty day moving average of $86.98 and a two-hundred day moving average of $81.76. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 0.96 and a beta of 0.51. Lamb Weston Holdings, Inc. has a fifty-two week low of $49.71 and a fifty-two week high of $100.22.

Lamb Weston Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 3rd will be given a dividend of $0.28 per share. This is an increase from Lamb Weston’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a $1.12 annualized dividend and a yield of 1.14%. Lamb Weston’s dividend payout ratio (DPR) is presently 30.06%.

Hedge Funds Weigh In On Lamb Weston

Hedge funds have recently bought and sold shares of the stock. Pinnacle Financial Partners Inc. purchased a new stake in shares of Lamb Weston in the third quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in shares of Lamb Weston in the second quarter valued at $27,000. CX Institutional purchased a new stake in Lamb Weston during the second quarter valued at about $28,000. Eagle Bay Advisors LLC purchased a new stake in Lamb Weston during the second quarter valued at about $29,000. Finally, Bartlett & Co. LLC purchased a new stake in Lamb Weston during the second quarter valued at about $30,000. Hedge funds and other institutional investors own 89.87% of the company’s stock.

Analyst Ratings Changes

LW has been the subject of several recent analyst reports. StockNews.com cut Lamb Weston from a “buy” rating to a “hold” rating in a report on Friday, December 16th. Stifel Nicolaus lifted their price objective on Lamb Weston from $90.00 to $107.00 in a report on Friday. Bank of America lifted their price objective on Lamb Weston from $105.00 to $115.00 in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Lamb Weston from $101.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday. Finally, The Goldman Sachs Group lifted their price objective on Lamb Weston from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, October 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.80.

Lamb Weston Company Profile

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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.