Toronto Dominion Bank Has $3.92 Million Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Toronto Dominion Bank lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,626 shares of the specialty retailer's stock after selling 6,705 shares during the quarter. Toronto Dominion Bank's holdings in Lamb Weston were worth $3,918,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Stonebridge Financial Group LLC acquired a new position in Lamb Weston in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston in the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. acquired a new position in Lamb Weston in the 4th quarter valued at $47,000. Advantage Trust Co acquired a new position in Lamb Weston in the 4th quarter valued at $53,000. Finally, Allworth Financial LP grew its stake in Lamb Weston by 16.1% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their target price 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. Wells Fargo & Company lowered their target price 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. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Barclays reduced their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.91.

Lamb Weston Price Performance

Shares of NYSE:LW traded down $0.41 during midday trading on Friday, reaching $50.61. 1,911,810 shares of the company's stock were exchanged, compared to its average volume of 2,654,218. The company's 50 day simple moving average is $53.09 and its two-hundred day simple moving average is $60.56. The firm has a market capitalization of $7.14 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.23. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

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

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend yield of 2.92%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is 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.