Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 35.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,073 shares of the specialty retailer's stock after selling 7,148 shares during the period. Cresset Asset Management LLC's holdings in Lamb Weston were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors acquired a new position in shares of Lamb Weston in the fourth quarter worth $423,270,000. Norges Bank purchased a new stake in Lamb Weston in the fourth quarter valued at $96,736,000. JANA Partners Management LP lifted its position in Lamb Weston by 22.3% in the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock valued at $476,587,000 after acquiring an additional 1,302,585 shares during the last quarter. Continental Grain Co. purchased a new stake in Lamb Weston in the fourth quarter valued at $63,786,000. Finally, Boston Partners increased its stake in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after purchasing an additional 735,901 shares during the period. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Price Performance

LW opened at $51.17 on Tuesday. The company has a fifty day simple moving average of $53.04 and a 200 day simple moving average of $62.20. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

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 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 business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $1.20 EPS. The business's revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.89%. Lamb Weston's payout ratio is currently 58.04%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. 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 report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Barclays cut their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $69.91.

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.

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