Lamb Weston Holdings, Inc. (NYSE:LW) Holdings Decreased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LW. Vanguard Group Inc. lifted its stake in Lamb Weston by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after buying an additional 58,066 shares in the last quarter. JANA Partners Management LP lifted its stake in Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock valued at $476,587,000 after buying an additional 1,302,585 shares in the last quarter. Capital Research Global Investors purchased a new position in Lamb Weston in the 4th quarter valued at about $423,270,000. Boston Partners lifted its holdings in Lamb Weston by 26.8% in the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after purchasing an additional 735,901 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Lamb Weston by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock valued at $229,065,000 after purchasing an additional 48,548 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Lamb Weston Stock Up 0.8%

Shares of NYSE:LW traded up $0.45 during midday trading on Tuesday, reaching $54.00. The company had a trading volume of 1,737,709 shares, compared to its average volume of 2,651,154. The stock has a market capitalization of $7.62 billion, a P/E ratio of 21.34, a PEG ratio of 1.40 and a beta of 0.46. The stock's fifty day moving average price is $53.08 and its 200-day moving average price is $61.33. 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 one year low of $47.90 and a one 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 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share. Equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is presently 58.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Stifel Nicolaus set a $56.00 target price on shares of Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Wells Fargo & Company cut their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $69.91.

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.