Ninety One UK Ltd Sells 163,889 Shares of Lamb Weston (NYSE:LW)

Ninety One UK Ltd cut its holdings in Lamb Weston (NYSE:LW - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 548,427 shares of the specialty retailer's stock after selling 163,889 shares during the quarter. Ninety One UK Ltd owned about 0.39% of Lamb Weston worth $29,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LW. Vanguard Group Inc. grew its holdings in shares of Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after acquiring an additional 58,066 shares during the last quarter. JANA Partners Management LP grew its holdings in shares of Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after acquiring an additional 1,302,585 shares during the last quarter. Capital Research Global Investors acquired a new position in shares of Lamb Weston in the 4th quarter worth $423,270,000. Boston Partners grew its holdings in shares of Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after acquiring an additional 735,901 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Lamb Weston by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock worth $229,065,000 after acquiring an additional 48,548 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on LW. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Bank of America reduced their price objective on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. 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. Finally, Barclays reduced their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $67.64.

Lamb Weston Stock Performance

Lamb Weston stock traded down $0.08 during trading hours on Friday, hitting $51.30. The stock had a trading volume of 2,327,424 shares, compared to its average volume of 2,654,297. The company has a 50-day moving average of $53.09 and a two-hundred day moving average of $55.44. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The company has a market cap of $7.24 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. Lamb Weston has a fifty-two week low of $47.90 and a fifty-two 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.