Allstate Corp Makes New $280,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Allstate Corp acquired a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,190 shares of the specialty retailer’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LW. West Oak Capital LLC raised its position 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 worth $30,000 after purchasing an additional 274 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Lamb Weston during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston during the fourth quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Lamb Weston in the fourth quarter valued at approximately $47,000. Finally, Advantage Trust Co acquired a new stake in shares of Lamb Weston in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of $60.94 per share, with a total value of $182,820.00. Following the transaction, the director now owns 26,406 shares in the company, valued at approximately $1,609,181.64. This trade represents a 12.82 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by corporate insiders.

Lamb Weston Stock Performance

NYSE:LW opened at $54.17 on Thursday. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $103.49. The company has a fifty day simple moving average of $55.27 and a two-hundred day simple moving average of $65.65.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.73%. Lamb Weston’s dividend payout ratio (DPR) is 58.50%.

Analysts Set New Price Targets

A number of brokerages have weighed in on LW. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Jefferies Financial Group upped their price target on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price target 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. Finally, StockNews.com raised shares of Lamb Weston to a “sell” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.55.

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.