Meyer Handelman Co. Has $5.46 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Meyer Handelman Co. lessened its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,499 shares of the specialty retailer's stock after selling 14,543 shares during the period. Meyer Handelman Co. owned about 0.07% of Lamb Weston worth $5,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Research Global Investors bought a new position in Lamb Weston during the 4th quarter valued at $423,270,000. Norges Bank bought a new stake in Lamb Weston in the 4th quarter valued at about $96,736,000. JANA Partners Management LP raised its position in shares of Lamb Weston by 22.3% during the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after buying an additional 1,302,585 shares in the last quarter. Continental Grain Co. bought a new stake in shares of Lamb Weston during the 4th quarter worth about $63,786,000. Finally, Boston Partners raised its position in shares of Lamb Weston by 26.8% during the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after buying an additional 735,901 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Down 1.8%

Shares of LW stock traded down $0.99 during trading on Monday, hitting $54.79. 1,654,591 shares of the company were exchanged, compared to its average volume of 2,652,497. 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 $7.73 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.40 and a beta of 0.46. The business's 50-day simple moving average is $53.13 and its 200 day simple moving average is $59.61. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $88.57.

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

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price objective 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. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company lowered their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Barclays lowered their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $69.91.

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.