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:LWGet 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

(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.

Further Reading

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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