US Bancorp DE Sells 617 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

US Bancorp DE cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,311 shares of the specialty retailer’s stock after selling 617 shares during the quarter. US Bancorp DE’s holdings in Lamb Weston were worth $5,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LW. Avitas Wealth Management LLC boosted its position in Lamb Weston by 1.2% during the 3rd quarter. Avitas Wealth Management LLC now owns 27,960 shares of the specialty retailer’s stock valued at $2,164,000 after acquiring an additional 340 shares in the last quarter. Prospera Financial Services Inc boosted its position in Lamb Weston by 3,145.1% during the 3rd quarter. Prospera Financial Services Inc now owns 13,889 shares of the specialty retailer’s stock valued at $1,074,000 after acquiring an additional 13,461 shares in the last quarter. Money Concepts Capital Corp boosted its position in Lamb Weston by 386.2% during the 3rd quarter. Money Concepts Capital Corp now owns 37,992 shares of the specialty retailer’s stock valued at $2,940,000 after acquiring an additional 30,178 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Lamb Weston by 406.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,163,982 shares of the specialty retailer’s stock worth $167,449,000 after purchasing an additional 1,736,583 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Lamb Weston in the 3rd quarter worth approximately $7,866,000. 89.87% of the stock is owned by institutional investors.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, SVP Eryk J. Spytek sold 19,080 shares of the business’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 sale, the senior vice president now directly owns 41,312 shares in the company, valued at approximately $3,644,544.64. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Lamb Weston news, SVP Eryk J. Spytek sold 19,080 shares of the business’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 sale, the senior vice president now directly owns 41,312 shares in the company, valued at approximately $3,644,544.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael Jared Smith sold 11,934 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $98.90, for a total transaction of $1,180,272.60. Following the sale, the senior vice president now owns 74,351 shares of the company’s stock, valued at $7,353,313.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,514 shares of company stock worth $4,003,110. Insiders own 0.80% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE LW opened at $97.06 on Friday. The firm has a market cap of $13.96 billion, a P/E ratio of 29.77, a PEG ratio of 0.85 and a beta of 0.51. The company has a quick ratio of 1.07, a current ratio of 1.96 and a debt-to-equity ratio of 4.71. The company has a 50 day moving average of $87.68 and a 200 day moving average of $82.15. Lamb Weston Holdings, Inc. has a twelve month low of $49.71 and a twelve month high of $100.22.

Lamb Weston Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, February 2nd. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.25. This represents a $1.12 dividend on an annualized basis and a yield of 1.15%. Lamb Weston’s payout ratio is currently 30.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com cut Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, December 16th. TheStreet raised Lamb Weston from a “c+” rating to a “b” rating in a research report on Wednesday, October 5th. The Goldman Sachs Group boosted their price target on Lamb Weston from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 12th. JPMorgan Chase & Co. boosted their price objective on shares of Lamb Weston from $101.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, January 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $90.00 to $107.00 in a report on Friday, January 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.80.

About Lamb Weston

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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.

Further Reading

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

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