Groupama Asset Managment Increases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Groupama Asset Managment increased its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 20.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,950 shares of the specialty retailer’s stock after buying an additional 2,066 shares during the quarter. Groupama Asset Managment’s holdings in Lamb Weston were worth $776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Alberta Investment Management Corp purchased a new position in Lamb Weston in the fourth quarter valued at about $2,641,000. Atria Wealth Solutions Inc. purchased a new stake in Lamb Weston in the fourth quarter worth $2,850,000. Leeward Investments LLC MA raised its stake in shares of Lamb Weston by 41.5% in the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer’s stock valued at $10,457,000 after buying an additional 45,904 shares during the period. HB Wealth Management LLC lifted its position in shares of Lamb Weston by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer’s stock valued at $892,000 after buying an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer’s stock worth $82,174,000 after acquiring an additional 16,092 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock purchased 3,000 shares of Lamb Weston stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. The trade was a 12.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LW. Jefferies Financial Group upped their price objective on shares of Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston to a “sell” rating in a report on Monday, February 24th. Stifel Nicolaus cut their price target on Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Finally, 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. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.55.

Lamb Weston Trading Up 1.6 %

Shares of Lamb Weston stock opened at $54.17 on Thursday. The company has a 50 day simple moving average of $55.27 and a two-hundred day simple moving average of $65.65. The firm has a market cap of $7.73 billion, a PE ratio of 21.41, a PEG ratio of 1.40 and a beta of 0.76. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $103.49. 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 Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.73%. 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.