Lamb Weston Holdings Inc (LW) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 58.7% during the third quarter, HoldingsChannel.com reports. The firm owned 8,271 shares of the specialty retailer’s stock after selling 11,756 shares during the quarter. Meeder Asset Management Inc.’s holdings in Lamb Weston were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Private Advisor Group LLC grew its stake in Lamb Weston by 103.7% during the third quarter. Private Advisor Group LLC now owns 23,935 shares of the specialty retailer’s stock valued at $1,594,000 after acquiring an additional 12,183 shares in the last quarter. Signition LP grew its stake in Lamb Weston by 61.1% during the third quarter. Signition LP now owns 5,236 shares of the specialty retailer’s stock valued at $349,000 after acquiring an additional 1,986 shares in the last quarter. US Bancorp DE grew its stake in Lamb Weston by 0.6% during the third quarter. US Bancorp DE now owns 141,094 shares of the specialty retailer’s stock valued at $9,396,000 after acquiring an additional 801 shares in the last quarter. Acadian Asset Management LLC grew its stake in Lamb Weston by 264.5% during the third quarter. Acadian Asset Management LLC now owns 6,598 shares of the specialty retailer’s stock valued at $440,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in Lamb Weston by 1.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 57,663 shares of the specialty retailer’s stock valued at $3,840,000 after acquiring an additional 907 shares in the last quarter. Institutional investors own 79.76% of the company’s stock.

LW has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on shares of Lamb Weston from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research cut shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. CL King cut shares of Lamb Weston from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. ValuEngine raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Finally, Stifel Nicolaus raised their target price on shares of Lamb Weston from $68.00 to $74.00 and gave the company a “hold” rating in a research note on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $72.00.

Shares of NYSE:LW opened at $82.02 on Friday. Lamb Weston Holdings Inc has a 52 week low of $50.60 and a 52 week high of $82.04. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.49 and a beta of -0.53.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Tuesday, October 2nd. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The business had revenue of $914.90 million during the quarter, compared to analysts’ expectations of $879.68 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston Holdings Inc will post 2.99 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 2nd will be paid a $0.191 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Lamb Weston’s payout ratio is currently 28.57%.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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