Focus Partners Wealth Cuts Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Focus Partners Wealth cut its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 70.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,799 shares of the specialty retailer's stock after selling 14,148 shares during the period. Focus Partners Wealth's holdings in Lamb Weston were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in LW. Ethic Inc. grew its stake in Lamb Weston by 503.9% during the 4th quarter. Ethic Inc. now owns 36,602 shares of the specialty retailer's stock worth $2,446,000 after buying an additional 30,541 shares during the last quarter. Expect Equity LLC acquired a new stake in shares of Lamb Weston during the fourth quarter worth $2,870,000. Fiduciary Trust Co acquired a new stake in shares of Lamb Weston during the fourth quarter worth $275,000. Frontier Capital Management Co. LLC lifted its holdings in shares of Lamb Weston by 13.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 547,651 shares of the specialty retailer's stock valued at $36,600,000 after buying an additional 63,249 shares during the period. Finally, Deutsche Bank AG boosted its position in Lamb Weston by 20.7% in the 4th quarter. Deutsche Bank AG now owns 622,883 shares of the specialty retailer's stock worth $41,627,000 after purchasing an additional 106,674 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LW has been the topic of several recent analyst reports. Jefferies Financial Group lowered their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. 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. Wells Fargo & Company lowered their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Stock Performance

Shares of NYSE LW traded down $0.41 during midday trading on Friday, reaching $50.61. 1,911,810 shares of the company were exchanged, compared to its average volume of 2,654,218. The stock has a fifty day simple moving average of $53.09 and a 200 day simple moving average of $60.69. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.23. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The stock has a market cap of $7.14 billion, a P/E ratio of 20.00, a PEG ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is presently 58.04%.

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.