Cookson Peirce & Co. Inc. Has $11.10 Million Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Cookson Peirce & Co. Inc. lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 71.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,654 shares of the specialty retailer’s stock after selling 255,087 shares during the period. Cookson Peirce & Co. Inc. owned approximately 0.07% of Lamb Weston worth $11,096,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. VisionPoint Advisory Group LLC increased its stake in 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 acquiring an additional 161 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Lamb Weston during the second quarter valued at approximately $29,000. Clear Street Markets LLC lifted its holdings in shares of Lamb Weston by 92.5% during the first quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 136 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Lamb Weston by 330.1% during the first quarter. Parkside Financial Bank & Trust now owns 628 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 482 shares during the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Lamb Weston during the fourth quarter valued at approximately $39,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

LW stock traded up $1.87 during midday trading on Tuesday, hitting $81.82. 1,902,525 shares of the stock traded hands, compared to its average volume of 2,280,108. The firm has a market cap of $11.81 billion, a P/E ratio of 10.67, a PEG ratio of 1.30 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The stock’s fifty day simple moving average is $98.99 and its 200-day simple moving average is $99.19. Lamb Weston Holdings, Inc. has a 1-year low of $77.41 and a 1-year high of $117.38.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. On average, analysts expect that Lamb Weston Holdings, Inc. will post 5.53 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio is currently 19.23%.

Wall Street Analyst Weigh In

Several brokerages have commented on LW. Stifel Nicolaus decreased their price target on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Bank of America cut their price target on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Wells Fargo & Company cut their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, Barclays dropped their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston has an average rating of “Moderate Buy” and a consensus target price 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.