M&T Bank Corp Sells 1,342 Shares of Lamb Weston (NYSE:LW)

M&T Bank Corp lowered its position in Lamb Weston (NYSE:LW) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,363 shares of the specialty retailer’s stock after selling 1,342 shares during the quarter. M&T Bank Corp’s holdings in Lamb Weston were worth $447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in Lamb Weston in the fourth quarter worth approximately $34,000. Wayfinding Financial LLC bought a new position in Lamb Weston in the first quarter worth approximately $28,000. Whipplewood Advisors LLC grew its stake in Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 520 shares in the last quarter. CX Institutional bought a new position in Lamb Weston in the first quarter worth approximately $48,000. Finally, Acuitas Investments LLC grew its stake in Lamb Weston by 239.3% in the first quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.4%

Lamb Weston stock opened at $50.00 on Thursday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 0.58. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.12 and a beta of 0.46. Lamb Weston has a 1-year low of $47.90 and a 1-year high of $83.98. The business has a fifty day moving average price of $53.04 and a 200-day moving average price of $55.04.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.96%. Lamb Weston’s payout ratio is 58.04%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LW. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Wall Street Zen raised Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Jefferies Financial Group dropped their target price on Lamb Weston from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Bank of America dropped their target price on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 18th. Finally, Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a “hold” rating in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus target price of $67.64.

Lamb Weston Company 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.