Procyon Advisors LLC Decreases Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Procyon Advisors LLC reduced its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 22.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,420 shares of the specialty retailer’s stock after selling 2,139 shares during the period. Procyon Advisors LLC’s holdings in Lamb Weston were worth $802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clear Street Markets LLC lifted its holdings in shares of Lamb Weston by 92.5% in 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 in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 161 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Lamb Weston during the second quarter valued at $29,000. ICA Group Wealth Management LLC acquired a new position in Lamb Weston in the 4th quarter valued at about $39,000. Finally, West Tower Group LLC purchased a new position in Lamb Weston during the second quarter worth about $54,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Shares of NYSE LW traded up $0.65 during midday trading on Thursday, reaching $106.95. 117,836 shares of the company traded hands, compared to its average volume of 1,561,074. The stock has a 50-day moving average price of $103.31 and a 200 day moving average price of $99.79. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.29 and a quick ratio of 0.57. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.19 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 52 week low of $81.25 and a 52 week high of $117.38.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.70 billion. Lamb Weston had a net margin of 17.71% and a return on equity of 63.19%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.97 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.35%. Lamb Weston’s dividend payout ratio (DPR) is presently 18.73%.

Wall Street Analyst Weigh In

LW has been the subject of a number of research reports. Citigroup assumed coverage on shares of Lamb Weston in a research report on Thursday, February 1st. They set a “buy” rating and a $132.00 price target for the company. StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Stifel Nicolaus upped their price objective on shares of Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, January 5th. Wells Fargo & Company began coverage on shares of Lamb Weston in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price target for the company. Finally, BNP Paribas began coverage on shares of Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Lamb Weston currently has an average rating of “Moderate Buy” and an average target price of $127.20.

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.