Weik Capital Management Sells 450 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Weik Capital Management lessened its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 3.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,700 shares of the specialty retailer’s stock after selling 450 shares during the quarter. Weik Capital Management’s holdings in Lamb Weston were worth $849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LW. Allworth Financial LP raised its position in shares of Lamb Weston by 16.1% in the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock worth $74,000 after buying an additional 170 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Lamb Weston by 5.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 186 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Lamb Weston by 3.2% during the 4th quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer’s stock valued at $476,000 after acquiring an additional 219 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Lamb Weston by 3.2% during the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer’s stock worth $485,000 after purchasing an additional 227 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Lamb Weston by 2.8% in the fourth quarter. Park Avenue Securities LLC now owns 8,901 shares of the specialty retailer’s stock worth $595,000 after purchasing an additional 239 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors.

Lamb Weston Stock Performance

NYSE:LW opened at $53.93 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $107.50. The firm has a market cap of $7.69 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.76. The business has a 50 day moving average price of $55.85 and a 200-day moving average price of $65.90.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.74%. Lamb Weston’s payout ratio is currently 58.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LW shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Lamb Weston in a research report on Wednesday, March 19th. Sanford C. Bernstein began coverage on shares of Lamb Weston in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $85.00 target price for the company. JPMorgan Chase & Co. raised their price target on Lamb Weston from $68.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Citigroup lowered Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, StockNews.com upgraded Lamb Weston to a “sell” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $76.73.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, with a total value of $182,820.00. Following the completion of the purchase, the director now owns 26,406 shares of the company’s stock, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

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.