Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 11.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,362 shares of the specialty retailer’s stock after selling 293 shares during the period. Stratos Wealth Partners LTD.’s holdings in Lamb Weston were worth $255,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Lamb Weston during the 4th quarter worth $1,881,000. Private Trust Co. NA increased its holdings in shares of Lamb Weston by 15.3% during the 4th quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer’s stock worth $135,000 after buying an additional 166 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Lamb Weston during the 4th quarter worth $477,000. DAVENPORT & Co LLC increased its holdings in shares of Lamb Weston by 6.4% during the 4th quarter. DAVENPORT & Co LLC now owns 15,055 shares of the specialty retailer’s stock worth $1,627,000 after buying an additional 903 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Lamb Weston by 3.8% during the 4th quarter. State of Michigan Retirement System now owns 41,432 shares of the specialty retailer’s stock worth $4,478,000 after buying an additional 1,500 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LW has been the subject of a number of research analyst reports. Bank of America dropped their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. StockNews.com cut shares of Lamb Weston from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Citigroup decreased their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Finally, Barclays decreased their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Stock Performance

NYSE:LW opened at $79.95 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38. The firm has a 50-day moving average of $98.99 and a two-hundred day moving average of $99.19. The stock has a market cap of $11.54 billion, a P/E ratio of 10.67, a PEG ratio of 1.30 and a beta of 0.72.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, research analysts expect that Lamb Weston Holdings, Inc. will post 5.53 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.80%. Lamb Weston’s payout ratio is 19.23%.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.