Allianz SE Purchases Shares of 2,500 Lamb Weston Holdings, Inc. (NYSE:LW)

Allianz SE acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,500 shares of the specialty retailer’s stock, valued at approximately $162,000.

Other large investors have also modified their holdings of the company. West Oak Capital LLC boosted its position in shares of Lamb Weston by 155.7% in 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 during the period. Stonebridge Financial Group LLC purchased a new stake in Lamb Weston in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lamb Weston in the fourth quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Lamb Weston during the fourth quarter worth approximately $47,000. Finally, Advantage Trust Co acquired a new position in shares of Lamb Weston in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

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 cost of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Stifel Nicolaus lowered their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price target for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Barclays decreased their price objective on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Lamb Weston currently has an average rating of “Hold” and a consensus price target of $74.55.

Lamb Weston Stock Down 1.4 %

Lamb Weston stock opened at $53.26 on Tuesday. The stock’s 50 day moving average price is $55.59 and its 200 day moving average price is $65.81. The company has a market cap of $7.60 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $105.55.

Lamb Weston Announces Dividend

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 issued 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 2.78%. Lamb Weston’s dividend payout ratio is presently 58.50%.

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.