Keybank National Association OH Trims Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Keybank National Association OH trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,871 shares of the specialty retailer’s stock after selling 572 shares during the quarter. Keybank National Association OH’s holdings in Lamb Weston were worth $300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LW. Raymond James & Associates increased its holdings in Lamb Weston by 60.0% during the first quarter. Raymond James & Associates now owns 31,305 shares of the specialty retailer’s stock valued at $1,875,000 after buying an additional 11,741 shares during the period. American Century Companies Inc. increased its holdings in Lamb Weston by 37.5% during the first quarter. American Century Companies Inc. now owns 21,746 shares of the specialty retailer’s stock valued at $1,302,000 after buying an additional 5,933 shares during the period. Acadian Asset Management LLC acquired a new stake in Lamb Weston in the first quarter valued at approximately $92,000. MetLife Investment Management LLC boosted its stake in Lamb Weston by 28.5% in the first quarter. MetLife Investment Management LLC now owns 41,455 shares of the specialty retailer’s stock valued at $2,484,000 after acquiring an additional 9,184 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Lamb Weston by 158.3% in the first quarter. Panagora Asset Management Inc. now owns 28,927 shares of the specialty retailer’s stock valued at $1,733,000 after acquiring an additional 17,726 shares in the last quarter. 89.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Eryk J. Spytek sold 19,080 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $88.22, for a total transaction of $1,683,237.60. Following the completion of the transaction, the senior vice president now owns 41,312 shares of the company’s stock, valued at $3,644,544.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Lamb Weston news, CFO Bernadette M. Madarieta sold 6,500 shares of Lamb Weston stock in a transaction 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 transaction, the chief financial officer now owns 25,487 shares of the company’s stock, valued at $2,507,920.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Eryk J. Spytek sold 19,080 shares of Lamb Weston stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $88.22, for a total transaction of $1,683,237.60. Following the completion of the transaction, the senior vice president now directly owns 41,312 shares of the company’s stock, valued at approximately $3,644,544.64. The disclosure for this sale can be found here. Insiders sold a total of 42,514 shares of company stock valued at $4,003,110 over the last 90 days. Insiders own 0.80% of the company’s stock.

Lamb Weston Trading Down 0.2 %

NYSE:LW opened at $97.06 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.07 and a debt-to-equity ratio of 4.71. The firm has a fifty day simple moving average of $87.68 and a 200-day simple moving average of $82.15. Lamb Weston Holdings, Inc. has a 12 month low of $49.71 and a 12 month high of $100.22. The company has a market capitalization of $13.96 billion, a P/E ratio of 29.77, a PEG ratio of 0.85 and a beta of 0.51.

Lamb Weston Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, February 2nd. This is a boost from Lamb Weston’s previous quarterly dividend of $0.25. Lamb Weston’s dividend payout ratio (DPR) is 30.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Nicolaus raised their target price on shares of Lamb Weston from $90.00 to $107.00 in a research note on Friday, January 6th. The Goldman Sachs Group raised their target price on shares of Lamb Weston from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, October 12th. TheStreet upgraded shares of Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 5th. StockNews.com downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, December 16th. Finally, Bank of America lifted their price objective on shares of Lamb Weston from $105.00 to $115.00 in a research note on Friday, January 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average 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.