KBC Group NV Lowers Holdings in Lamb Weston (NYSE:LW)

KBC Group NV decreased its holdings in Lamb Weston (NYSE:LW - Free Report) by 79.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,636 shares of the specialty retailer's stock after selling 22,144 shares during the quarter. KBC Group NV's holdings in Lamb Weston were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its stake in shares of Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 520 shares during the period. Putney Financial Group LLC purchased a new position in shares of Lamb Weston in the 4th quarter valued at approximately $34,000. SBI Securities Co. Ltd. purchased a new position in shares of Lamb Weston in the 4th quarter valued at approximately $36,000. CX Institutional purchased a new position in Lamb Weston during the first quarter valued at $48,000. Finally, CoreFirst Bank & Trust purchased a new position in Lamb Weston during the fourth quarter valued at $78,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Bank of America cut their price objective on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group cut their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Lamb Weston has an average rating of "Hold" and a consensus price target of $67.73.

Lamb Weston Stock Performance

NYSE LW traded up $1.18 on Tuesday, hitting $52.15. 886,021 shares of the company traded hands, compared to its average volume of 2,646,676. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.16 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.58 and a debt-to-equity ratio of 2.25. The business's 50 day moving average price is $53.13 and its 200-day moving average price is $55.58. Lamb Weston has a 52-week low of $47.90 and a 52-week high of $83.98.

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.