OMERS ADMINISTRATION Corp Decreases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

OMERS ADMINISTRATION Corp decreased its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 27.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,833 shares of the specialty retailer's stock after selling 6,585 shares during the period. OMERS ADMINISTRATION Corp's holdings in Lamb Weston were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Obermeyer Wealth Partners bought a new stake in shares of Lamb Weston in the 4th quarter valued at $1,176,000. Lighthouse Investment Partners LLC increased its holdings in Lamb Weston by 687.4% during the 4th quarter. Lighthouse Investment Partners LLC now owns 196,862 shares of the specialty retailer's stock worth $13,156,000 after purchasing an additional 171,862 shares in the last quarter. Janus Henderson Group PLC raised its position in Lamb Weston by 8.8% in the 4th quarter. Janus Henderson Group PLC now owns 351,364 shares of the specialty retailer's stock valued at $23,482,000 after buying an additional 28,508 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Lamb Weston during the fourth quarter valued at about $2,314,000. Finally, Ethic Inc. boosted its stake in shares of Lamb Weston by 503.9% in the 4th quarter. Ethic Inc. now owns 36,602 shares of the specialty retailer's stock worth $2,446,000 after buying an additional 30,541 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LW has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays reduced their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company dropped their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Stock Performance

LW stock traded down $0.65 during trading on Thursday, hitting $50.76. 530,357 shares of the company traded hands, compared to its average volume of 2,646,461. The company has a market cap of $7.16 billion, a PE ratio of 20.06, a P/E/G ratio of 1.40 and a beta of 0.46. The stock's 50-day simple moving average is $53.19 and its 200 day simple moving average is $61.21. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business earned $1.20 earnings per share. Lamb Weston's revenue was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.92%. Lamb Weston's payout ratio is 58.04%.

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.