CENTRAL TRUST Co reduced its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,427 shares of the specialty retailer’s stock after selling 1,890 shares during the period. CENTRAL TRUST Co’s holdings in Lamb Weston were worth $400,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Vectors Research Management LLC bought a new position in Lamb Weston in the 3rd quarter valued at about $106,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of Lamb Weston during the 3rd quarter worth approximately $158,000. Point72 Hong Kong Ltd bought a new position in shares of Lamb Weston during the 3rd quarter worth approximately $189,000. Caxton Associates LP bought a new position in shares of Lamb Weston during the 3rd quarter worth approximately $205,000. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of Lamb Weston during the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 79.65% of the company’s stock.
Shares of LW stock opened at $69.47 on Friday. Lamb Weston Holdings Inc has a 12-month low of $52.92 and a 12-month high of $83.86. The company has a market cap of $10.21 billion, a PE ratio of 26.12, a P/E/G ratio of 1.90 and a beta of -0.03.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.15%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is presently 28.57%.
LW has been the topic of several recent analyst reports. Bank of America cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $85.00 in a research report on Thursday, November 15th. Barclays lifted their target price on shares of Lamb Weston from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, January 7th. Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of Lamb Weston in a research report on Tuesday, October 2nd. ValuEngine lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Finally, Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.29.
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Lamb Weston Company 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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