Toronto Dominion Bank Sells 6,705 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Toronto Dominion Bank reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,626 shares of the specialty retailer's stock after selling 6,705 shares during the period. Toronto Dominion Bank's holdings in Lamb Weston were worth $3,918,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new stake in Lamb Weston during the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new position in shares of Lamb Weston during the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $47,000. Advantage Trust Co bought a new stake in shares of Lamb Weston during the 4th quarter worth $53,000. Finally, Allworth Financial LP grew its position 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 purchasing an additional 170 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LW shares. Barclays dropped their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Jefferies Financial Group reduced their price objective 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. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. 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, Wells Fargo & Company dropped their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $69.91.

Lamb Weston Trading Up 0.5%

Shares of LW stock traded up $0.24 on Wednesday, hitting $53.43. The stock had a trading volume of 288,214 shares, compared to its average volume of 2,641,063. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.23. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The firm has a market cap of $7.54 billion, a P/E ratio of 21.14, a PEG ratio of 1.40 and a beta of 0.46. The company has a fifty day moving average price of $53.06 and a two-hundred day moving average price of $60.29.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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 net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The business's revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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

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.