Cambridge Investment Research Advisors Inc. Reduces Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 29.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,513 shares of the specialty retailer’s stock after selling 9,032 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Lamb Weston were worth $1,809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LW. Mitsubishi UFJ Asset Management UK Ltd. raised its position in shares of Lamb Weston by 28.6% during the second quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,500 shares of the specialty retailer’s stock valued at $1,135,000 after buying an additional 3,000 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $508,000. Clear Creek Financial Management LLC raised its position in shares of Lamb Weston by 99.7% during the second quarter. Clear Creek Financial Management LLC now owns 6,390 shares of the specialty retailer’s stock valued at $537,000 after buying an additional 3,190 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $24,165,000. Finally, Tributary Capital Management LLC raised its position in shares of Lamb Weston by 19.4% during the second quarter. Tributary Capital Management LLC now owns 6,295 shares of the specialty retailer’s stock valued at $529,000 after buying an additional 1,025 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LW shares. Citigroup reduced their price objective on shares of Lamb Weston from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus cut shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price target for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. The Goldman Sachs Group reduced their price target on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Barclays reduced their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, TD Cowen cut shares of Lamb Weston from a “buy” rating to a “hold” rating and reduced their price target for the stock from $105.00 to $61.00 in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.70.

Insider Activity at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, for a total transaction of $554,300.00. Following the completion of the acquisition, the director now owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

Lamb Weston Stock Up 1.0 %

Shares of LW opened at $61.92 on Tuesday. The firm has a market capitalization of $8.90 billion, a P/E ratio of 8.27, a P/E/G ratio of 5.90 and a beta of 0.74. Lamb Weston Holdings, Inc. has a 12-month low of $52.99 and a 12-month high of $111.88. The company has a current ratio of 1.29, a quick ratio of 0.59 and a debt-to-equity ratio of 1.92. The firm has a fifty day moving average price of $68.45 and a 200-day moving average price of $83.23.

Lamb Weston (NYSE:LW) last issued its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were issued a $0.36 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. 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.