CIBC Asset Management Inc Sells 913 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

CIBC Asset Management Inc lowered its position in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,959 shares of the specialty retailer’s stock after selling 913 shares during the quarter. CIBC Asset Management Inc’s holdings in Lamb Weston were worth $2,157,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its position in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after buying an additional 161 shares during the period. Headlands Technologies LLC bought a new position in shares of Lamb Weston during the 4th quarter worth approximately $51,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Lamb Weston by 864.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after buying an additional 432 shares during the period. Covestor Ltd increased its holdings in Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 971 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. increased its holdings in Lamb Weston by 537.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 956 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 0.3 %

NYSE LW opened at $85.83 on Friday. The stock has a 50-day simple moving average of $85.42 and a 200 day simple moving average of $97.37. The company has a market capitalization of $12.39 billion, a PE ratio of 11.46, a P/E/G ratio of 1.24 and a beta of 0.75. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38.

Lamb Weston (NYSE:LWGet Free Report) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS. Research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 3rd were paid a $0.36 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.68%. Lamb Weston’s payout ratio is 19.23%.

Wall Street Analyst Weigh In

LW has been the subject of a number of recent analyst reports. BNP Paribas initiated coverage on Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target for the company. Barclays dropped their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Stifel Nicolaus dropped their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Citigroup dropped their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Bank of America lowered their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

View Our Latest Stock Report on LW

About Lamb Weston

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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