Cibc World Markets Corp Cuts Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Cibc World Markets Corp lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,655 shares of the specialty retailer’s stock after selling 16,807 shares during the period. Cibc World Markets Corp’s holdings in Lamb Weston were worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LW. Mutual of America Capital Management LLC boosted its stake in shares of Lamb Weston by 84.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 37,844 shares of the specialty retailer’s stock valued at $4,091,000 after purchasing an additional 17,344 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Lamb Weston by 51.7% in the 4th quarter. Stifel Financial Corp now owns 164,922 shares of the specialty retailer’s stock valued at $17,827,000 after purchasing an additional 56,180 shares in the last quarter. Boston Partners boosted its stake in shares of Lamb Weston by 12.5% in the 4th quarter. Boston Partners now owns 94,591 shares of the specialty retailer’s stock valued at $10,225,000 after purchasing an additional 10,477 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Lamb Weston by 16.0% in the 4th quarter. BNP Paribas Financial Markets now owns 201,039 shares of the specialty retailer’s stock valued at $21,730,000 after purchasing an additional 27,704 shares in the last quarter. Finally, First National Trust Co purchased a new stake in shares of Lamb Weston in the 4th quarter valued at $2,723,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of LW stock opened at $85.84 on Monday. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company’s 50-day moving average is $85.42 and its 200 day moving average is $97.35. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.25 and a beta of 0.75. 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 (NYSE:LWGet Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup decreased their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Bank of America decreased their price objective on shares of 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 note on Friday, April 5th. Stifel Nicolaus decreased their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. 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 note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston has an average rating of “Moderate Buy” and an average target price of $117.40.

Read Our Latest Stock Report on Lamb Weston

Lamb Weston Profile

(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.

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

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