Royal London Asset Management Ltd. Reduces Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Royal London Asset Management Ltd. cut its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,430 shares of the specialty retailer’s stock after selling 307 shares during the period. Royal London Asset Management Ltd.’s holdings in Lamb Weston were worth $3,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC increased its holdings in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston during the fourth quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new position in Lamb Weston in the fourth quarter valued at $36,000. Brooklyn Investment Group acquired a new position in shares of Lamb Weston in the third quarter worth about $40,000. Finally, Larson Financial Group LLC boosted its stake in shares of Lamb Weston by 614.4% during the 3rd quarter. Larson Financial Group LLC now owns 693 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 596 shares in the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $60.94 per share, with a total value of $182,820.00. Following the completion of the acquisition, the director now owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.72% of the company’s stock.

Lamb Weston Stock Performance

LW opened at $53.93 on Tuesday. The firm has a market capitalization of $7.69 billion, a PE ratio of 21.32, a PEG ratio of 1.40 and a beta of 0.76. 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 Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $107.50. The firm’s 50-day moving average price is $56.20 and its 200 day moving average price is $66.14.

Lamb Weston Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.74%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LW shares. StockNews.com upgraded Lamb Weston to a “sell” rating in a research note on Monday, February 24th. Stifel Nicolaus reduced their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Sanford C. Bernstein began coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 target price on the stock. Jefferies Financial Group upped their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.73.

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.