Lamb Weston Holdings, Inc. (NYSE:LW) Position Cut by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,513 shares of the specialty retailer’s stock after selling 2,038 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lamb Weston were worth $4,245,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Boston Partners raised its stake in shares of Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer’s stock valued at $232,330,000 after purchasing an additional 735,901 shares in the last quarter. State Street Corp raised its position in shares of Lamb Weston by 9.7% during the 3rd quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after buying an additional 549,812 shares in the last quarter. Liberty One Investment Management LLC lifted its stake in shares of Lamb Weston by 697.4% in the 4th quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer’s stock worth $23,408,000 after acquiring an additional 306,343 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Lamb Weston in the third quarter valued at approximately $19,822,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Lamb Weston during the fourth quarter valued at approximately $19,802,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LW. Barclays decreased their price target on Lamb Weston from $87.00 to $69.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Jefferies Financial Group lifted their target price on Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus cut their price target on shares of Lamb Weston from $80.00 to $68.00 and set a “hold” rating for the company in a report on Friday, December 20th. Sanford C. Bernstein initiated coverage on shares of Lamb Weston in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.55.

Insider Activity at Lamb Weston

In related news, Director Robert A. Niblock acquired 3,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the transaction, the director now 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by insiders.

Lamb Weston Trading Down 1.4 %

Lamb Weston stock opened at $53.26 on Tuesday. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $105.55. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.40 and a beta of 0.76. The company has a 50 day moving average price of $55.59 and a 200 day moving average price of $65.81.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. Lamb Weston’s dividend payout ratio (DPR) is presently 58.50%.

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.