Elo Mutual Pension Insurance Co Decreases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Elo Mutual Pension Insurance Co lowered its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 8.7% during the fourth quarter, HoldingsChannel reports. The fund owned 11,708 shares of the specialty retailer’s stock after selling 1,118 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Lamb Weston were worth $782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Boston Partners increased its stake in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock valued at $232,330,000 after purchasing an additional 735,901 shares during the last quarter. State Street Corp grew its position in shares of Lamb Weston by 9.7% in the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after buying an additional 549,812 shares during the last quarter. Liberty One Investment Management LLC grew its position in shares of Lamb Weston by 697.4% in the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock valued at $23,408,000 after buying an additional 306,343 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Lamb Weston in the third quarter valued at $19,822,000. Finally, Raymond James Financial Inc. acquired a new position in Lamb Weston in the fourth quarter valued at $19,802,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Stock Up 0.1 %

LW opened at $53.95 on Monday. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $105.55. 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 business has a 50 day simple moving average of $55.73 and a 200-day simple moving average of $65.88. The stock has a market capitalization of $7.70 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.40 and a beta of 0.76.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analysts Set New Price Targets

LW has been the topic of a number of research analyst reports. Stifel Nicolaus cut their target price on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price objective on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Barclays decreased their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, Citigroup lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $68.00 in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.55.

Insider Buying and Selling

In other news, Director Robert A. Niblock purchased 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were 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 in the company, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by insiders.

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.