Massmutual Trust Co. FSB ADV Increases Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Massmutual Trust Co. FSB ADV grew its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW – Get Rating) by 579.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,834 shares of the specialty retailer’s stock after buying an additional 2,417 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Lamb Weston were worth $253,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. purchased a new position in Lamb Weston during the 3rd quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Lamb Weston in the 2nd quarter valued at about $29,000. CoreCap Advisors LLC purchased a new position in shares of Lamb Weston in the 2nd quarter valued at about $35,000. Parkside Financial Bank & Trust increased its holdings in shares of Lamb Weston by 330.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 482 shares in the last quarter. Finally, Mach 1 Financial Group LLC purchased a new position in shares of Lamb Weston in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 89.87% of the company’s stock.

Insider Buying and Selling

In related news, VP Gregory W. Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $97.49, for a total value of $97,490.00. Following the sale, the vice president now directly owns 6,384 shares of the company’s stock, valued at $622,376.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Gregory W. Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $97.49, for a total value of $97,490.00. Following the sale, the vice president now directly owns 6,384 shares of the company’s stock, valued at $622,376.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $639,600.00. Following the completion of the transaction, the chief financial officer now owns 25,487 shares in the company, valued at approximately $2,507,920.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,514 shares of company stock valued at $4,100,600. Insiders own 0.80% of the company’s stock.

Lamb Weston Price Performance

Lamb Weston stock opened at $97.31 on Friday. Lamb Weston Holdings, Inc. has a 12-month low of $53.30 and a 12-month high of $102.77. The stock has a market capitalization of $14.00 billion, a P/E ratio of 29.85, a P/E/G ratio of 0.83 and a beta of 0.51. The firm’s 50-day moving average is $98.99 and its two-hundred day moving average is $89.11. The company has a debt-to-equity ratio of 4.71, a current ratio of 1.96 and a quick ratio of 1.07.

Lamb Weston (NYSE:LW – Get Rating) last released its earnings results on Thursday, January 5th. The specialty retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.54. Lamb Weston had a net margin of 10.50% and a return on equity of 107.83%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Equities analysts predict that Lamb Weston Holdings, Inc. will post 3.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Lamb Weston in a research note on Thursday. They issued a “hold” rating on the stock. Bank of America increased their price objective on shares of Lamb Weston from $105.00 to $115.00 in a research note on Friday, January 6th. Stifel Nicolaus increased their price objective on shares of Lamb Weston from $90.00 to $107.00 in a research note on Friday, January 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $101.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and a consensus price target of $96.80.

About Lamb Weston

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Lamb Weston Holdings, Inc engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets.