Allspring Global Investments Holdings LLC Sells 10,512 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Allspring Global Investments Holdings LLC trimmed its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 53.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,024 shares of the specialty retailer’s stock after selling 10,512 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Lamb Weston were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Lamb Weston by 4.9% in the 3rd quarter. IFP Advisors Inc now owns 3,110 shares of the specialty retailer’s stock valued at $288,000 after acquiring an additional 146 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Lamb Weston by 37.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 2,650 shares of the specialty retailer’s stock valued at $245,000 after purchasing an additional 720 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Lamb Weston by 10.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 14,152 shares of the specialty retailer’s stock worth $1,308,000 after purchasing an additional 1,283 shares during the period. Purus Wealth Management LLC increased its position in shares of Lamb Weston by 4.0% during the 3rd quarter. Purus Wealth Management LLC now owns 4,241 shares of the specialty retailer’s stock valued at $392,000 after purchasing an additional 162 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Lamb Weston by 17.6% during the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock valued at $100,000 after purchasing an additional 162 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LW has been the subject of a number of analyst reports. Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company dropped 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 note on Friday, April 5th. StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BNP Paribas began coverage on shares of Lamb Weston in a research note on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Stock Performance

Shares of NYSE:LW opened at $83.73 on Wednesday. The firm’s 50 day simple moving average is $96.62 and its 200-day simple moving average is $98.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The firm has a market cap of $12.09 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (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 the consensus estimate of $1.65 billion. Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. As a group, equities analysts predict that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued 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 yield of 1.72%. Lamb Weston’s payout ratio is currently 19.23%.

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.