Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 27.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,912 shares of the specialty retailer’s stock after selling 11,123 shares during the period. Amalgamated Bank’s holdings in Lamb Weston were worth $1,872,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Lamb Weston by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,695,138 shares of the specialty retailer’s stock worth $1,778,533,000 after buying an additional 60,601 shares during the period. TPG GP A LLC boosted its stake in Lamb Weston by 74.4% during the second quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after buying an additional 1,247,206 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Lamb Weston by 5.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock worth $171,993,000 after buying an additional 114,049 shares during the period. Marshall Wace LLP boosted its stake in Lamb Weston by 78.5% during the second quarter. Marshall Wace LLP now owns 1,888,556 shares of the specialty retailer’s stock worth $158,790,000 after buying an additional 830,511 shares during the period. Finally, Champlain Investment Partners LLC boosted its stake in Lamb Weston by 11.7% during the first quarter. Champlain Investment Partners LLC now owns 1,233,420 shares of the specialty retailer’s stock worth $131,396,000 after buying an additional 129,120 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LW. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 target price (up previously from $63.00) on shares of Lamb Weston in a research note on Monday, October 7th. TD Cowen raised their price objective on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group lowered their price objective on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays raised their price objective on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Bank of America raised their price objective on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston Stock Performance

NYSE:LW opened at $80.40 on Wednesday. The firm’s fifty day moving average price is $70.82 and its 200 day moving average price is $74.26. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.19 and a quick ratio of 0.54. The firm has a market cap of $11.47 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.45 and a beta of 0.72.

Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 EPS. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, November 1st. This represents a $1.44 annualized dividend and a dividend yield of 1.79%. Lamb Weston’s payout ratio is currently 33.80%.

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.