Federated Hermes Inc. Sells 93,280 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Federated Hermes Inc. cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,119 shares of the specialty retailer's stock after selling 93,280 shares during the period. Federated Hermes Inc. owned approximately 0.10% of Lamb Weston worth $16,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC increased its position in Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer's stock worth $54,000 after purchasing an additional 114 shares during the period. IFP Advisors Inc increased its position in Lamb Weston by 4.9% during the 3rd quarter. IFP Advisors Inc now owns 3,110 shares of the specialty retailer's stock worth $288,000 after purchasing an additional 146 shares during the period. VisionPoint Advisory Group LLC increased its position in Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 161 shares during the period. Private Trust Co. NA increased its position in Lamb Weston by 17.6% during the 3rd quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer's stock worth $100,000 after purchasing an additional 162 shares during the period. Finally, Purus Wealth Management LLC grew its holdings in shares of Lamb Weston by 4.0% in the 3rd quarter. Purus Wealth Management LLC now owns 4,241 shares of the specialty retailer's stock worth $392,000 after acquiring an additional 162 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LW has been the topic of a number of research reports. Bank of America lowered their price target on Lamb Weston from $138.00 to $113.00 and set a "buy" rating on the stock in a report on Friday, April 5th. StockNews.com cut Lamb Weston from a "hold" rating to a "sell" rating in a report on Friday, January 5th. Barclays lowered their target price on Lamb Weston from $125.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday, April 8th. BNP Paribas began coverage on Lamb Weston in a report on Monday, March 11th. They set an "outperform" rating and a $128.00 target price on the stock. Finally, Stifel Nicolaus lowered their target price on Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $117.40.

Lamb Weston Stock Up 2.0 %

NYSE LW traded up $1.61 during trading hours on Tuesday, hitting $83.73. The company had a trading volume of 1,932,021 shares, compared to its average volume of 2,304,028. Lamb Weston Holdings, Inc. has a fifty-two week low of $77.41 and a fifty-two week high of $117.38. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 1.32 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The firm's 50 day moving average is $96.62 and its 200 day moving average is $98.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly 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). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm's revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.72%. Lamb Weston's dividend payout ratio is presently 19.23%.

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.