Lamb Weston Holdings, Inc. (NYSE:LW) Stake Reduced by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 66.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,155 shares of the specialty retailer's stock after selling 86,437 shares during the quarter. Two Sigma Investments LP's holdings in Lamb Weston were worth $2,951,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LW. Stonebridge Financial Group LLC purchased a new stake in Lamb Weston during the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in Lamb Weston during the fourth quarter worth $36,000. Wingate Wealth Advisors Inc. purchased a new stake in Lamb Weston during the fourth quarter worth $47,000. Advantage Trust Co purchased a new stake in Lamb Weston during the fourth quarter worth $53,000. Finally, Allworth Financial LP boosted its position in Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after purchasing an additional 170 shares in the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on LW. Jefferies Financial Group decreased their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Barclays reduced their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, Wells Fargo & Company reduced their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Lamb Weston presently has an average rating of "Hold" and an average price target of $69.91.

Lamb Weston Stock Down 0.7%

Shares of LW stock traded down $0.39 during trading hours on Wednesday, reaching $55.28. The company had a trading volume of 907,541 shares, compared to its average volume of 2,652,159. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $88.25. The stock's fifty day simple moving average is $53.21 and its 200 day simple moving average is $59.41. 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 company has a market capitalization of $7.80 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.20 EPS. Lamb Weston's quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were paid a dividend of $0.37 per share. The ex-dividend date was Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.68%. Lamb Weston's payout ratio is currently 58.04%.

Lamb Weston Company 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.