Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by London Co. of Virginia

London Co. of Virginia lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,685,618 shares of the specialty retailer's stock after selling 19,158 shares during the period. London Co. of Virginia owned approximately 1.88% of Lamb Weston worth $179,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LW. Vanguard Group Inc. increased its stake in Lamb Weston by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after purchasing an additional 58,066 shares during the period. JANA Partners Management LP increased its stake in shares of Lamb Weston by 22.3% during 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 buying an additional 1,302,585 shares during the period. Capital Research Global Investors purchased a new position in shares of Lamb Weston during the fourth quarter valued at $423,270,000. Boston Partners increased its stake in shares of Lamb Weston by 26.8% during the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after buying an additional 735,901 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Lamb Weston by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock valued at $229,065,000 after buying an additional 48,548 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

Shares of NYSE:LW traded up $2.02 during trading on Friday, hitting $53.81. The stock had a trading volume of 2,213,095 shares, compared to its average volume of 2,651,943. Lamb Weston Holdings, Inc. has a 12-month low of $47.90 and a 12-month high of $89.51. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The stock has a 50-day simple moving average of $53.03 and a two-hundred day simple moving average of $61.71.

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 the consensus estimate of $0.87 by $0.23. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. Lamb Weston's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. On average, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

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 given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Barclays dropped their price objective on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Jefferies Financial Group lowered their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on 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.