6,658 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Dupont Capital Management Corp

Dupont Capital Management Corp purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,658 shares of the specialty retailer’s stock, valued at approximately $515,000.

A number of other hedge funds also recently modified their holdings of LW. Crewe Advisors LLC bought a new position in Lamb Weston in the 2nd quarter valued at approximately $27,000. CX Institutional bought a new position in Lamb Weston in the 2nd quarter valued at approximately $28,000. Eagle Bay Advisors LLC bought a new position in Lamb Weston in the 2nd quarter valued at approximately $29,000. Bartlett & Co. LLC bought a new position in Lamb Weston in the 2nd quarter valued at approximately $30,000. Finally, Venture Visionary Partners LLC bought a new position in Lamb Weston in the 2nd quarter valued at approximately $35,000. Institutional investors own 89.87% of the company’s stock.

Insiders Place Their Bets

In other Lamb Weston news, SVP Sharon L. Miller sold 5,000 shares of the firm’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $100.00, for a total value of $500,000.00. Following the completion of the sale, the senior vice president now directly owns 54,117 shares in the company, valued at $5,411,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Sharon L. Miller sold 5,000 shares of Lamb Weston stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $100.00, for a total transaction of $500,000.00. Following the completion of the transaction, the senior vice president now directly owns 54,117 shares in the company, valued at $5,411,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Jared Smith sold 11,934 shares of Lamb Weston stock in a transaction dated 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 transaction, 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. Over the last ninety days, insiders sold 43,514 shares of company stock worth $4,100,600. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LW has been the subject of several research reports. The Goldman Sachs Group increased their price objective 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. StockNews.com downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Friday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $101.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, January 6th. TheStreet raised shares of Lamb Weston from a “c+” rating to a “b” rating in a research note on Wednesday, October 5th. Finally, Stifel Nicolaus raised their price target on shares of Lamb Weston from $90.00 to $107.00 in a research note on Friday, January 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lamb Weston presently has a consensus rating of “Moderate Buy” and an average target price of $96.80.

Lamb Weston Price Performance

Shares of NYSE LW opened at $98.16 on Friday. Lamb Weston Holdings, Inc. has a twelve month low of $49.71 and a twelve month high of $100.22. The firm has a fifty day simple moving average of $87.94 and a 200 day simple moving average of $82.40. The company has a market capitalization of $14.12 billion, a PE ratio of 30.11, a P/E/G ratio of 0.84 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.

Lamb Weston Increases Dividend

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

Lamb Weston 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.