Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 93.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,837 shares of the specialty retailer's stock after selling 73,828 shares during the period. Thornburg Investment Management Inc.'s holdings in Lamb Weston were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LW. VisionPoint Advisory Group LLC lifted its holdings in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer's stock valued at $28,000 after purchasing an additional 161 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Lamb Weston in the fourth quarter valued at approximately $51,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Lamb Weston by 864.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer's stock worth $52,000 after acquiring an additional 432 shares during the period. Covestor Ltd boosted its position in Lamb Weston by 300.6% in the third quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer's stock worth $120,000 after purchasing an additional 971 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. increased its position 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 last quarter. Institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE:LW traded up $0.89 during midday trading on Thursday, hitting $86.96. The company had a trading volume of 1,417,859 shares, compared to its average volume of 2,243,275. The stock's fifty day moving average price is $90.66 and its 200-day moving average price is $98.13. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $12.56 billion, a PE ratio of 11.61, a P/E/G ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. The business's revenue for the quarter was up 16.3% on a year-over-year basis. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.66%. Lamb Weston's dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

LW has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Citigroup dropped their price objective on Lamb Weston from $132.00 to $106.00 and set a "buy" rating on the stock in a research note on Monday, April 8th. Bank of America cut their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a "buy" rating for the company in a report on Friday, April 5th. Wells Fargo & Company cut their price target on Lamb Weston from $128.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 5th. Finally, BNP Paribas initiated coverage on Lamb Weston in a report on Monday, March 11th. They set an "outperform" rating and a $128.00 price objective on the stock. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, Lamb Weston presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.40.

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.