Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 21.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,279 shares of the specialty retailer’s stock after selling 6,520 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Lamb Weston were worth $2,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Lamb Weston by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock worth $963,653,000 after acquiring an additional 198,274 shares in the last quarter. State Street Corp boosted its stake in shares of Lamb Weston by 3.4% during the 1st quarter. State Street Corp now owns 5,224,012 shares of the specialty retailer’s stock worth $312,971,000 after acquiring an additional 172,399 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Lamb Weston by 2.3% during the 3rd quarter. Invesco Ltd. now owns 3,417,548 shares of the specialty retailer’s stock worth $315,986,000 after acquiring an additional 77,937 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lamb Weston by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 3,043,919 shares of the specialty retailer’s stock worth $317,658,000 after acquiring an additional 69,429 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Lamb Weston by 7.4% during the 3rd quarter. Morgan Stanley now owns 2,022,032 shares of the specialty retailer’s stock worth $186,957,000 after acquiring an additional 138,595 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.1 %

Lamb Weston stock opened at $80.29 on Friday. The business has a 50 day moving average price of $98.21 and a two-hundred day moving average price of $98.98. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.34 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38.

Lamb Weston (NYSE:LW) last posted 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). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 5.53 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.79%. Lamb Weston’s payout ratio is presently 19.23%.

Analyst Ratings Changes

Several brokerages recently weighed in on LW. BNP Paribas began coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company. Barclays decreased their target price on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. StockNews.com downgraded Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Citigroup decreased their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Finally, Wells Fargo & Company decreased their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.40.

Lamb Weston Profile

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.