Nuveen Asset Management LLC Has $20.79 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Nuveen Asset Management LLC decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,132 shares of the specialty retailer's stock after selling 77,255 shares during the period. Nuveen Asset Management LLC owned 0.22% of Lamb Weston worth $20,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in shares of Lamb Weston by 16.1% in the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock valued at $74,000 after buying an additional 170 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Lamb Weston by 3.2% in the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock valued at $476,000 after buying an additional 219 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock valued at $485,000 after buying an additional 227 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock valued at $392,000 after buying an additional 227 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Lamb Weston by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer's stock valued at $2,921,000 after buying an additional 253 shares in the last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Up 0.3%

NYSE:LW traded up $0.15 during trading hours on Thursday, reaching $53.51. The company's stock had a trading volume of 326,269 shares, compared to its average volume of 2,453,863. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $88.57. The business's 50-day moving average is $53.07 and its 200-day moving average is $60.25. 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 (NYSE:LW - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. 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 report on Friday, April 11th. Finally, 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 report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and a consensus target price 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.