UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 805,810 shares of the specialty retailer's stock after selling 40,842 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.56% of Lamb Weston worth $53,852,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Alberta Investment Management Corp purchased a new position in shares of Lamb Weston in the 4th quarter valued at approximately $2,641,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Lamb Weston during the fourth quarter worth about $2,850,000. Leeward Investments LLC MA boosted its holdings in shares of Lamb Weston by 41.5% during the fourth quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock worth $10,457,000 after purchasing an additional 45,904 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Lamb Weston by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after acquiring an additional 16,092 shares during the last quarter. Finally, Advisor OS LLC purchased a new stake in Lamb Weston during the fourth quarter valued at about $556,000. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Up 0.4%

Shares of NYSE LW traded up $0.21 during mid-day trading on Wednesday, reaching $53.40. 1,840,289 shares of the company's stock traded hands, compared to its average volume of 2,651,158. The stock has a market cap of $7.54 billion, a P/E ratio of 21.11, a PEG ratio of 1.40 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $88.57. The business has a 50-day simple moving average of $53.07 and a 200 day simple moving average of $60.25.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS 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 for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared 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. This represents a $1.48 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is presently 58.04%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LW shares. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.91.

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.