TD Asset Management Inc Lowers Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

TD Asset Management Inc lessened its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,622 shares of the specialty retailer’s stock after selling 4,596 shares during the quarter. TD Asset Management Inc’s holdings in Lamb Weston were worth $4,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Lamb Weston during the fourth quarter valued at approximately $93,553,000. Artemis Investment Management LLP lifted its position in Lamb Weston by 117.2% during the first quarter. Artemis Investment Management LLP now owns 1,230,538 shares of the specialty retailer’s stock valued at $131,035,000 after purchasing an additional 663,985 shares during the period. APG Asset Management US Inc. bought a new position in Lamb Weston during the fourth quarter valued at approximately $56,699,000. Ninety One UK Ltd bought a new position in Lamb Weston in the second quarter worth approximately $42,518,000. Finally, Montrusco Bolton Investments Inc. raised its position in Lamb Weston by 104.7% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 713,414 shares of the specialty retailer’s stock worth $77,113,000 after acquiring an additional 364,851 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Activity at Lamb Weston

In other Lamb Weston news, Director William G. Jurgensen acquired 10,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LW has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Lamb Weston from $108.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 26th. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Barclays decreased their price target on shares of Lamb Weston from $96.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, Stifel Nicolaus downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $60.00 in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lamb Weston has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Lamb Weston Stock Down 0.2 %

Shares of LW stock opened at $62.57 on Thursday. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 6.00 and a beta of 0.75. Lamb Weston Holdings, Inc. has a one year low of $52.99 and a one year high of $111.88. The company’s fifty day moving average price is $65.89 and its 200-day moving average price is $81.55. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.29 and a quick ratio of 0.59.

Lamb Weston (NYSE:LW) last posted its earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.46). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Lamb Weston had a net margin of 11.22% and a return on equity of 44.06%. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 2nd were paid a dividend of $0.36 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.44 annualized dividend and a yield of 2.30%. Lamb Weston’s payout ratio is 19.23%.

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.