Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,600 shares of the specialty retailer’s stock after selling 10,449 shares during the quarter. Cambiar Investors LLC’s holdings in Lamb Weston were worth $8,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. City State Bank grew its stake in shares of Lamb Weston by 56.2% during the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 150 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in Lamb Weston by 0.8% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock valued at $1,214,000 after acquiring an additional 156 shares during the last quarter. Bridges Investment Management Inc. grew its stake in Lamb Weston by 2.8% in the 3rd quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after acquiring an additional 181 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Lamb Weston by 5.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 186 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in Lamb Weston by 31.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 977 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 231 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lamb Weston

In other Lamb Weston news, Director Charles A. Blixt purchased 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares of the company’s stock, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert A. Niblock purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now directly 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 disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Lamb Weston Trading Down 0.7 %

Shares of LW stock opened at $58.49 on Tuesday. The firm has a market cap of $8.34 billion, a P/E ratio of 23.12, a PEG ratio of 1.46 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $107.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm’s 50-day simple moving average is $66.17 and its 200-day simple moving average is $67.52.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, January 31st. Lamb Weston’s dividend payout ratio is presently 58.50%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LW. Barclays lowered their price objective on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.00.

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.