Mitsubishi UFJ Asset Management Co. Ltd. Acquires 14,583 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,859 shares of the specialty retailer’s stock after acquiring an additional 14,583 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Lamb Weston worth $15,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LW. West Oak Capital LLC lifted its stake in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 274 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Lamb Weston in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Lamb Weston during the 4th quarter valued at $36,000. Wingate Wealth Advisors Inc. bought a new stake in Lamb Weston during the 4th quarter worth $47,000. Finally, Advantage Trust Co acquired a new position in Lamb Weston in the 4th quarter worth about $53,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Down 1.4 %

NYSE LW opened at $53.26 on Tuesday. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $105.55. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The business has a 50 day simple moving average of $55.59 and a 200 day simple moving average of $65.81. The stock has a market capitalization of $7.60 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.40 and a beta of 0.76.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. Lamb Weston’s dividend payout ratio is currently 58.50%.

Insider Activity at Lamb Weston

In other news, Director Robert A. Niblock purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average cost of $60.94 per share, with a total value of $182,820.00. Following the purchase, the director now owns 26,406 shares in the company, valued at $1,609,181.64. This represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LW has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Sanford C. Bernstein assumed coverage on shares of Lamb Weston in a report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Citigroup downgraded Lamb Weston from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $90.00 to $68.00 in a report on Friday, December 20th. Finally, StockNews.com raised Lamb Weston to a “sell” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.55.

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.