30,552 Shares in Lamb Weston Holdings, Inc. (NYSE:LW) Bought by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,552 shares of the specialty retailer's stock, valued at approximately $3,302,000. Lamb Weston accounts for 1.2% of Wakefield Asset Management LLLP's portfolio, making the stock its 28th biggest position.

A number of other large investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in Lamb Weston by 1.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 47,540 shares of the specialty retailer's stock valued at $5,139,000 after buying an additional 524 shares during the period. International Assets Investment Management LLC bought a new stake in Lamb Weston during the fourth quarter valued at approximately $1,881,000. Private Trust Co. NA grew its position in Lamb Weston by 15.3% during the fourth quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer's stock valued at $135,000 after buying an additional 166 shares during the period. Trust Point Inc. bought a new stake in Lamb Weston during the fourth quarter valued at approximately $477,000. Finally, DAVENPORT & Co LLC grew its position in Lamb Weston by 6.4% during the fourth quarter. DAVENPORT & Co LLC now owns 15,055 shares of the specialty retailer's stock valued at $1,627,000 after buying an additional 903 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LW shares. Stifel Nicolaus cut their target price on shares of Lamb Weston from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday. BNP Paribas began coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued an "outperform" rating and a $128.00 price target for the company. Citigroup began coverage on shares of Lamb Weston in a research report on Thursday, February 1st. They issued a "buy" rating and a $132.00 price target for the company. StockNews.com lowered shares of Lamb Weston from a "hold" rating to a "sell" rating in a research report on Friday, January 5th. Finally, Bank of America dropped their price target on shares of Lamb Weston from $138.00 to $113.00 and set a "buy" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.00.

Lamb Weston Price Performance

Shares of LW stock traded down $1.75 during mid-day trading on Friday, hitting $79.78. The company had a trading volume of 9,745,586 shares, compared to its average volume of 2,695,098. Lamb Weston Holdings, Inc. has a 52-week low of $78.76 and a 52-week high of $117.38. The stock's 50 day moving average price is $101.93 and its 200-day moving average price is $99.75. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.57. The company has a market capitalization of $11.52 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.96 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the firm posted $1.43 EPS. Lamb Weston's quarterly revenue was up 16.3% compared to the same quarter last year. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.51 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

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.