Swiss National Bank Trims Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Swiss National Bank cut its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 454,000 shares of the specialty retailer's stock after selling 14,700 shares during the quarter. Swiss National Bank owned about 0.31% of Lamb Weston worth $49,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC increased its holdings in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock worth $28,000 after buying an additional 161 shares in the last quarter. Headlands Technologies LLC bought a new stake in Lamb Weston in the 4th quarter worth about $51,000. Desjardins Global Asset Management Inc. grew its stake in shares of Lamb Weston by 537.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer's stock valued at $123,000 after purchasing an additional 956 shares during the period. ZRC Wealth Management LLC purchased a new position in shares of Lamb Weston during the 4th quarter valued at about $129,000. Finally, Private Trust Co. NA lifted its holdings in Lamb Weston by 15.3% in the 4th quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer's stock worth $135,000 after purchasing an additional 166 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Up 0.8 %

Lamb Weston stock traded up $0.69 during trading hours on Tuesday, reaching $85.10. The stock had a trading volume of 1,544,537 shares, compared to its average volume of 2,283,542. 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 company has a market cap of $12.29 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.38 and a beta of 0.79. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The business's 50 day moving average price is $93.00 and its 200-day moving average price is $98.44.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations 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 was up 16.3% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, May 2nd. Lamb Weston's dividend payout ratio is currently 19.23%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LW shares. BNP Paribas started coverage on Lamb Weston in a research report on Monday, March 11th. They set an "outperform" rating and a $128.00 target price on the stock. Citigroup cut their price objective on Lamb Weston from $132.00 to $106.00 and set a "buy" rating on the stock in a research report on Monday, April 8th. Barclays cut their price objective on Lamb Weston from $125.00 to $105.00 and set an "overweight" rating on the stock in a research report on Monday, April 8th. Bank of America cut their price objective on Lamb Weston from $138.00 to $113.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Finally, Stifel Nicolaus cut their price objective on Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $117.40.

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.