Cookson Peirce & Co. Inc. Decreases Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Cookson Peirce & Co. Inc. cut its position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,654 shares of the specialty retailer's stock after selling 255,087 shares during the period. Cookson Peirce & Co. Inc. owned 0.07% of Lamb Weston worth $11,096,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. VisionPoint Advisory Group LLC lifted its position in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock valued at $28,000 after acquiring an additional 161 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Lamb Weston during the 2nd quarter worth approximately $29,000. Clear Street Markets LLC lifted its position in shares of Lamb Weston by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer's stock worth $30,000 after buying an additional 136 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Lamb Weston by 330.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer's stock worth $37,000 after buying an additional 482 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new position in shares of Lamb Weston during the 4th quarter worth approximately $39,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Price Performance

NYSE:LW traded up $2.12 during midday trading on Tuesday, hitting $82.07. The company had a trading volume of 3,176,888 shares, compared to its average volume of 2,297,677. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The stock's fifty day moving average price is $98.99 and its 200-day moving average price is $99.19. The company has a market capitalization of $11.85 billion, a PE ratio of 10.96, a P/E/G ratio of 1.30 and a beta of 0.72. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (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 quarter last year, the firm posted $1.43 earnings per share. The firm's revenue was up 16.3% on a year-over-year basis. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 5.53 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.75%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LW shares. StockNews.com cut shares of Lamb Weston from a "hold" rating to a "sell" rating in a research report on Friday, January 5th. BNP Paribas assumed coverage on shares of Lamb Weston in a research note on Monday, March 11th. They issued an "outperform" rating and a $128.00 price objective for the company. Stifel Nicolaus reduced their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, April 5th. Bank of America reduced their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a "buy" rating for the company in a research note on Friday, April 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.40.

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.