MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Trims Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,806 shares of the specialty retailer’s stock after selling 651 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Lamb Weston were worth $1,056,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LW. Stonebridge Financial Group LLC acquired a new position in Lamb Weston in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston in the fourth quarter valued at about $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Lamb Weston during the fourth quarter worth about $47,000. Advantage Trust Co purchased a new position in Lamb Weston during the fourth quarter worth about $53,000. Finally, CoreFirst Bank & Trust acquired a new stake in Lamb Weston in the fourth quarter valued at about $78,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays dropped their price objective on Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a report on Monday, May 12th. Wells Fargo & Company lowered their price target on shares of Lamb Weston from $72.00 to $66.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Wall Street Zen upgraded shares of Lamb Weston from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a “hold” rating in a report on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.91.

Lamb Weston Price Performance

NYSE:LW opened at $50.61 on Monday. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.23. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The company’s 50-day moving average is $53.09 and its two-hundred day moving average is $60.56. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio is currently 58.04%.

About Lamb Weston

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.